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July 05, 2015 11:38 AM ET

Software

Company Overview of Rapid7, Inc.

Company Overview

Rapid7 LLC provides security data and analytic software solutions and services to collect, contextualize, and analyze the security data to reduce threat exposure and detect compromise in real-time for organizations and Fortune 1000 companies worldwide. It offers Nexpose, which performs vulnerability management to combat threats; Metasploit, a penetration testing solution; Appspider, a web application security scanning for applications; UserInsight, which detects and investigates security incidents; and deployment, training and certification, penetration testing, and strategic services. The company serves energy, financial services, government, healthcare, education, and retail industries. Ra...

100 Summer Street

13th Floor

Boston, MA 02110

United States

Founded in 2000

554 Employees

Phone:

617-247-1717

Fax:

617-507-6488

Key Executives for Rapid7, Inc.

Chief Executive Officer, President and Director
Age: 39
Co-Founder and Chairman
Age: 57
Co-Founder and Chief Technical Officer
Co-Founder
Chief Financial Officer
Age: 48
Compensation as of Fiscal Year 2015.

Rapid7, Inc. Key Developments

Rapid7 LLC is looking for acquisitions

Rapid7, Inc. announces Initial Public offering of $80 million. The principal purposes of this offering are to increase our financial flexibility, create a public market for our common stock, and facilitate our future access to the capital markets. Rapid7 LLC intends to use the net proceeds of this offering for working capital and other general corporate purposes. We also intend to use portion of the net proceeds to pay all remaining outstanding principal and interest, together with a termination fee, under our term loan with Silicon Valley Bank. Further it plans to use a portion of the proceeds from this offering for acquisitions or strategic investments in complementary businesses or technologies, although we do not currently have any plans for any such acquisitions or investments.

Rapid7 Brings Strategic Security Advisory Services to EMEA and Introduces New Global Threat Modeling Service

Rapid7 announced it will offer its Strategic Advisory Services in EMEA to help security executives and teams solve pressing cyber security challenges. The practice, which launched in the U.S. in September 2014, helps organizations transform their security programs to be more relevant, actionable, and sustainable through data-driven, risk-based analysis. The company has also announced it will offer a new global service, Threat Modeling, to help organizations identify potential threats against applications, systems, and infrastructures during their design phase. Rapid7’s EMEA Strategic Services Practice will be led by Wim Remes, EMEA strategic services manager. Services newly available in EMEA include: Cyber Security Maturity Assessment. The first step in the development process, CSMA evaluates the current state of an organization’s security program. Following the evaluation, customized recommendations are made to address the organization’s particular threats, risk appetite, and business goals. At that point, a gap analysis is performed, where industry best practices are compared to the organization's current controls. Changes are then identified to build a relevant, actionable, and sustainable security program aligned with compliance standards, such as ISO 27001 and PCI DSS, and Rapid7's cyber-security maturity models. The resulting program is designed for in-house staff to implement and drive measurable improvements over a timeframe appropriate to their organization. Customer success is measured through detailed documentation, including a cyber-security maturity scorecard, tactical and strategic recommendations, procedures guides, technical architectures, and a prioritized execution roadmap. Incident Response Program Development. Rapid7 begins with a detailed evaluation of the current state of an organization’s threat detection and incident response program, and then measures the results against its own best practices and understanding of current attacker methodologies. The resulting scorecard provides the foundation for creating a new incident response plan that includes guidance on preparation, anomalous behavior detection, incident management, technical response, and communications plans. To reinforce the guidance, Rapid7 experts perform threat simulation sessions where the incident response team works through real breach scenarios, coordinates technical response activities, identifies key sources of evidence, performs mock communications, and makes recommendations for customers to prioritize cleanup and recovery. At the end of the engagement, organizations have the foundation for a sustainable investment across all three critical vectors of people, processes, and technology to minimize exposure in the event of a breach.

Rapid7 Announces Availability of European Hosting Option for UserInsight

Rapid7 announced that its intruder analytics offering, UserInsight, now offers a European hosting option to help organizations meet their regional data hosting compliance requirements. Driven by market demand, UserInsight customers can now choose to host data in Germany, as an alternative to the United States. UserInsight provides visibility into intruder behavior across an organization’s entire ecosystem, from the endpoint to the cloud. The new European hosting option will give organizations more choice under which privacy laws they prefer to host their data. Rapid7 will leverage Amazon Web Services (AWS) in the EU, which was recently declared compliant by the Article 29 Working Party, a European data rights group. The group’s report indicated that AWS standard contractual clauses meet all the requirements of EU data protection. UserInsight allows organizations to rapidly detect and investigate security incidents. It focuses on preventing intruders from taking over user accounts with stealthy attacks, such as stolen credentials and lateral movement. The solution reduces alert fatigue, puts activity in the ecosystem into the user context, makes investigations easier such that the entire team can participate, and helps speed up incident response time. European organizations currently leveraging UserInsight, who were previously opting to host data in the United States, are in a range of industries, including technology, retail, professional services, and media. These organizations are driven by the need to detect and stop intruders, increase user visibility across the network, and enhance incident investigation. European hosting is available immediately.

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