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Rapid7 is acquiring DivvyCloud for $145M to beef up cloud security
From: InfoSec News <alerts () infosecnews org>
Date: Wed, 29 Apr 2020 08:09:38 +0000 (UTC)
https://techcrunch.com/2020/04/28/rapid7-is-acquiring-divvycloud-for-145m-to-beef-up-cloud-security/ By Ron Miller TechCrunch April 28, 2020Rapid7 announced today after the closing bell that it will be acquiring DivvyCloud, a cloud security and governance startup, for $145 million in cash and stock.
With Divvy, the company moves more deeply into the cloud, something that Lee Weiner, chief innovation officer, says the company has been working toward, even before the pandemic pushed that agenda.
Like any company looking at expanding its offering, it balanced building versus buying and decided that buying was the better way to go. “DivvyCloud has a fantastic platform that really allows companies the freedom to innovate as they move to the cloud in a way that manages their compliance and security,” Weiner told TechCrunch.
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