Rapid7 claims the acquisitions will enhance the company’s ability to provide a cloud native security platform to its customers and facilitate continuous management of risk and compliance across their cloud environments.
Alcide’s cloud workload protection platform (CWPP) provides broad, real-time visibility and governance, container runtime and network monitoring, as well as the ability to detect, audit and investigate known and unknown security threats. While Rapid7 provides one of the comprehensive security operations platforms in the market, with a broad set of “best-of-breed” capabilities across SIEM-based incident detection and response, vulnerability management, application security and security orchestration, automation and response.
“Today marks the beginning of an exciting new journey for Alcide. We are excited to join Rapid7 not only because of our shared commitment to providing customers with innovative and accessible cloud security solutions, but this also gives us an opportunity to bring our market-leading Kubernetes security platform to a broader set of customers,” said Amir Ofek, chief executive officer of Alcide.
As announced, the combination of Alcide’s cloud workload protection (CWPP) capabilities with Rapid7 cloud security posture management (CSPM) and infrastructure entitlements (CIEM) capabilities – will provide customers with a more holistic, unified experience for managing the challenges of cloud-native application security.
“We are thrilled to welcome Alcide to Rapid7. The technical talent within Israel’s cybersecurity ecosystem is unparalleled and we look forward to working together with the Alcide team to provide organizations with comprehensive cloud security that drives business growth and innovation,” said Corey Thomas, chairman and CEO of Rapid7.
This deal marks the second of its kind in about ten months for the US-based cybersecurity company Rapid7, having acquired DivvyCloud, a Cloud Security Posture Management (CSPM) in April last year.
The acquisition is for a total purchase price of approximately $50 million, however, Rapid7 does not expect any material impact on its financial results for calendar year 2021 as a result of the acquisition.