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BOSTON - Rapid7, Inc. (NASDAQ: RPD), known for its risk and threat detection services, has rolled out a new Managed Detection & Response (MDR) service tailored for large enterprises with complex, distributed digital environments. The new offering, MDR for Enterprise, aims to address the challenges of sprawling digital infrastructures that span cloud, on-premises, legacy systems, and proprietary applications.
The service provides customization and flexibility, 24/7 protection from Rapid7’s global Security Operations Center (SOC), and collaborative delivery. It leverages Rapid7 MDR’s existing capabilities, such as deep visibility across various alert streams, and enhances them with organization-specific customizations.
Craig Adams, Rapid7’s chief product officer, emphasized the need for a more nuanced approach to detection and response, one that offers broad visibility and deep customization to meet the demands of modern security teams. He noted that MDR for Enterprise delivers this by integrating proprietary systems, leveraging internal detections, and aligning with operational workflows.
Additional features of the service include custom event source integration, which allows for the inclusion of proprietary and legacy systems into the MDR workflow, and tailored threat monitoring that extends to in-house and non-standard systems. The service also promises a collaborative engagement model, with Rapid7’s SOC establishing shared workflows and response protocols with internal teams to streamline communication and incident response.
Rapid7’s expansion into enterprise-specific managed services reflects a trend towards more personalized cybersecurity solutions, as companies face evolving threats and increasingly distributed infrastructure. The announcement was made today, and further details will be available at the upcoming RSA Conference in San Francisco, scheduled for April 28 - May 1.
Rapid7’s suite of security solutions is utilized by over 11,000 global customers, aiming to simplify cybersecurity and make it more accessible. With an expected growth in net income this year and a strong free cash flow yield according to InvestingPro analysis (which offers 13 additional key insights for subscribers), the company continues to strengthen its market position. The company’s mission is to create a safer digital world through its technology, research, and strategic expertise. Investors seeking detailed analysis can access Rapid7’s comprehensive Pro Research Report, available exclusively on InvestingPro, along with reports for 1,400+ other top US stocks.
This new service offering from Rapid7 is based on a press release statement and represents the company’s latest step in enhancing its cybersecurity services for complex enterprise environments.
In other recent news, Rapid7 has experienced several notable developments. The company announced the departure of its Chief People Officer, Christina Luconi, who will transition to an advisory role for six months to ensure a smooth transition. In financial updates, Stephens initiated coverage on Rapid7 with an Equal Weight rating and a $33 price target, acknowledging both the challenges and opportunities the company faces. Meanwhile, DA Davidson adjusted their price target for Rapid7 to $29, maintaining a Neutral rating, following a cooperation agreement with activist investor JANA Partners. This agreement includes expanding the Board of Directors from eight to eleven members, with nominees agreed upon by both parties. Wolfe Research also maintained an Outperform rating and a $31 price target, seeing the board expansion as a positive strategic move. The cooperation with JANA Partners aims to enhance operational efficiencies and potentially explore sale options. Rapid7’s recent board appointments include experienced professionals like Wael Mohamed, Mike Burns, and Kevin Galligan, which is expected to contribute to the company’s strategic goals and shareholder value creation. These developments reflect Rapid7’s ongoing efforts to strengthen its governance and financial performance.
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