BOSTON - Rapid7, Inc. (NASDAQ: NASDAQ:RPD), a cybersecurity firm, announced today it has entered into an agreement to acquire Noetic Cyber, a leader in cyber asset attack surface management (CAASM). This acquisition is expected to improve Rapid7's security operations platform by providing a more comprehensive view of customers' assets, both internal and external, on-premise, and in the cloud.
The integration of Noetic's CAASM solution aims to help customers better understand their attack surface, anticipate threats, and manage risk with increased efficiency. Rapid7's CEO, Corey Thomas, emphasized that the addition will make security operations more productive and accessible to teams who need it most.
Noetic Cyber, co-founded in 2019, offers a proactive approach to cyber asset and exposure management, aiming to enhance security tools and control efficacy by breaking down data silos. The company's capabilities are expected to be available to Rapid7 customers this summer, following the anticipated closure of the transaction during Rapid7's fiscal third quarter. The acquisition is not expected to materially impact Rapid7's 2024 Annualized Recurring Revenue (ARR).
Paul Ayers, CEO and co-founder of Noetic Cyber, stated that the integration with Rapid7 will allow customers to better prioritize exposures and take action to identify security gaps and reduce cyber risk.
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