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CST: 24/05/2019 10:21:52   

Rapid7 Acquires NetFort to Bring Network Traffic Visibility and Analytics to its Insight Cloud

52 Days ago

BOSTON, April 02, 2019 (GLOBE NEWSWIRE) -- Rapid7, Inc. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced it has acquired NetFort, a company that provides end-to-end network traffic visibility and analytics across cloud, virtual and physical networks. Rapid7 plans to bring NetFort’s network monitoring, visibility and analytics capabilities into its Insight cloud to help customers securely advance.

Rapid7's Insight cloud delivers a unique combination of network visibility, security analytics, orchestration and automation used by organizations to manage risk, detect and stop attacks, and orchestrate security operations across their modern networks. The Insight cloud processes billions of events and monitors millions of assets daily, collecting and analyzing data from the endpoint to the cloud.

Bringing NetFort’s network monitoring, traffic visibility and analytics capabilities into the Insight cloud will allow Rapid7 to consolidate even more data and analytics into a single platform for security and IT professionals. This will improve their ability to detect attacks, investigate incidents and gain increased visibility into devices that pose a risk to organizations.

“We were immediately impressed by NetFort’s technology and the deep network protocol expertise inherent across the team,” said Lee Weiner, Chief Product Officer at Rapid7. “By bringing NetFort’s network data and analytics to our own platform, we enhance security analysts’ capability to unearth risk, detect attacks, and investigate incidents more effectively.”

“We are delighted to join Rapid7 and believe this is a testament to the capabilities of our people and our technology,” said John Brosnan, Chief Executive Officer at NetFort. “Rapid7 will help us apply our network data insights across their cloud-based platform to improve the security posture of our customers.”

The acquisition of NetFort is not expected to have a material financial impact to Rapid7’s Annualized Recurring Revenue growth, revenue, non-GAAP operating income, and non-GAAP net income per share for calendar year 2019, as guided on February 7, 2019.

About Rapid7
Organizations around the globe rely on Rapid7 (Nasdaq: RPD) technology, services, and research to securely advance. The visibility, analytics, and automation delivered through our Insight cloud simplifies the complex and helps security teams reduce vulnerabilities, monitor for malicious behavior, investigate and shut down attacks, and automate routine tasks. Over 7,800 customers rely on Rapid7 to improve security outcomes and securely advance their organizations. For more information, visit our website, check out our blog, or follow us on Twitter.

About NetFort
NetFort provides network traffic and security monitoring software for virtual and physical networks. NetFort’s flagship product, LANGuardian, provides powerful, deep-packet inspection technology so that businesses have comprehensive visibility across their networks. Established in 2002, NetFort is headquartered in Galway, Ireland.

Cautionary Language Concerning Forward-Looking Statements
This press release includes forward-looking statements. All statements contained in this press release other than statements of historical facts, including, without limitation, statements regarding the expected benefits of the acquisition of NetFort and the solutions that Rapid7 will develop with the NetFort technology, including expansion of the network monitoring, visibility and analytics capabilities of its Insight cloud, and the expected benefits of such solutions and Rapid7’s expectation regarding the impact of the NetFort transaction on Rapid7’s Annualized Recurring Revenue growth, revenue, and non-GAAP operating income, and non-GAAP net income per share for calendar year 2019 are forward-looking statements. The words “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “will” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements are subject to a number of risks and uncertainties, including, without limitation, our ability to innovate and offer products and professional services that address the dynamic threat landscape, our ability to innovate and manage our growth, our ability to integrate acquired operations, as well as other risks and uncertainties set forth in the “Risk Factors” section of our Annual Report on Form 10-K filed with the Securities and Exchange Commission for the year ended December 31, 2018 filed with the Securities and Exchange Commission on February 28, 2019, and subsequent reports that we file with the Securities and Exchange Commission. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements or events and circumstances reflected in the forward-looking statements will occur. We are under no duty to update any of these forward-looking statements after the date of this press release to conform these statements to actual results or revised expectations, except as required by law. You should, therefore, not rely on these forward-looking statements as representing our views as of any date subsequent to the date of this press release.

Media Relations
Caitlin Doherty
Public Relations Manager
+1-857-990-4240
press@rapid7.com

Investor Relations
Neeraj Mahajan, CFA
Rapid7, Vice President, Investor Relations
+1-857-990-4074
investors@rapid7.com

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