![]() ![]() With the combined expertise of both Rapid7 and Divv圜loud, we are even better positioned to help enterprises accelerate innovation using cloud and containers without the loss of control.” “Their commitment to customers, employees, and company culture is well-aligned with the values that have made Divv圜loud so successful. “Joining forces with Rapid7 is a natural next step,” said Brian Johnson, CEO and co-founder, Divv圜loud.“With the acceleration of cloud adoption introducing new enterprise risk areas, we're excited to bring Security and DevOps teams together with Divv圜loud's best-of-breed compliance, risk management and governance for multi-cloud and container environments, while also integrating it with our Insight Cloud platform to create enduring customer value.” “We are thrilled to welcome Divv圜loud, its customers, and the entire Divv圜loud team to the Rapid7 family,” said Corey Thomas, chairman and CEO, Rapid7.Using Divv圜loud, customers can protect cloud and container environments from misconfiguration, policy violations, external and internal threats, and identity and access management challenges. Through Divv圜loud’s platform, Rapid7 customers will have the ability to innovate more securely, move out of data centers and into the cloud, and make infrastructure accessible and manageable.ĭivv圜loud enables deep visibility, combined with automated prevention and real-time remediation of risk to deliver continuous security and compliance for cloud environments, including support for Amazon Web Services, Microsoft Azure, Google Cloud Platform, Alibaba Cloud and Kubernetes. The acquisition is expected to close during the second quarter of 2020, subject to the satisfaction of customary closing conditions.Īs organizations accelerate their migration and adoption of cloud services, they need help bringing Security and DevOps teams together to understand and effectively manage the governance, risk and security of their cloud and container environments. Under the terms of agreement, Rapid7 will acquire Divv圜loud for a total purchase price of approximately $145 million, subject to adjustments, to be paid in cash and stock. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that it has entered into a definitive agreement to acquire Divvy Cloud Corporation, a leader in Cloud Security Posture Management (CSPM). Divvy did not respond to KSL.com's request for comment about a possible acquisition.BOSTON, Ap(GLOBE NEWSWIRE) - Rapid7, Inc. In January, the financial tech startup was valued at $1.6 billion after a round of funding where $165 million was raised. Divvy helps businesses manage finances and track expenses through free software that uses a corporate credit card - the company makes money the same way credit card companies do and get a portion of transactions made on the card.Īccording to the Forbes report, which cites anonymous sources with knowledge of the potential deal, the terms aren't finalized but an offer in the past had been discussed at around $2 billion. The potential buyer,, is a cloud software-based platform that helps businesses manage cash inflow and outflow. Reading or replaying the story in itsĪrchived form does not constitute a republication of the story.ĭRAPER - Utah-based tech giant Divvy, a financial technology company, is in talks to be acquired by in what could be a multibillion-dollar deal, Forbes reported on Tuesday.ĭivvy recently achieved unicorn status, meaning it was valued at more than $1 billion as a private company. Only for your personal, non-commercial use. ![]()
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