Boston tech company to acquire Arlington-based DivvyCloud for $145M
DivvyCloud is a cloud security and governance tech firm.
Boston-based tech company Rapid7 announced Tuesday that it’s acquiring Arlington County-based cloud security and governance tech firm DivvyCloud for $145 million.
The acquisition, which will be made via a combination of cash and stock, is expected to close before June.
“Joining forces with Rapid7 is a natural next step,” said DivvyCloud CEO and co-founder Brian Johnson in a statement. “Their commitment to customers, employees, and company culture is well-aligned with the values that have made DivvyCloud so successful. With the combined expertise of both Rapid7 and DivvyCloud, we are even better positioned to help enterprises accelerate innovation using cloud and containers without the loss of control.”
Founded in 2013, DivvyCloud moved into a new headquarters in Arlington’s Court House area in September 2019, after growing from 20 to 55 employees in a year. Its customer base has included Kroger, CoStar and Pizza Hut, and nearly a quarter of its clients were Fortune 100 companies as of 2019.
Rapid7 Chairman and CEO Corey Thomas said, “We are thrilled to welcome DivvyCloud and its customers to the Rapid7 family. We have been very impressed with the DivvyCloud team and its technology for some time. As the rate of cloud adoption continues to rise, the DivvyCloud platform will be an important part of our offering, giving customers a much deeper, comprehensive view into their cloud security posture.”
Rapid7 will make DivvyCloud’s platform available to its customers, allowing them real-time protection and remediation of cloud and container environments.
“Security teams are constantly challenged with understanding and effectively managing the risk and security for cloud environments at DevOps speeds,” said Lee Weiner, chief innovation officer for Rapid7. “DivvyCloud’s technology, team, and market leadership in the cloud security space will enable Rapid7 to better serve its customers’ needs by helping them innovate more securely, and provide a robust set of compliance and remediation paths for those with modern cloud infrastructure.”