Rapid 7, a Massachusetts based Data Security firm has made it official that it is acquiring Virginia based cloud security company DivvyCloud Corporation for $145 million to help businesses bring their DevOps Teams and Security onto a single platform.
Trade analysts suggest that the deal will do great benefit to Rapid 7 customers who have been asking the company for automated detection of misconfigurations, policy violations, external and internal threats and identity and access management challenges on multi-cloud and container environments.
Rapid 7 is said to integrate DivvyCloud’s technology into its platform to help enterprise security teams offer the best of the breed compliance as it supports the world’s biggest cloud service providers such as AWS, Azure, Google Cloud Platform and Alibaba cloud. Furthermore, the technology is also incepted with risk management and ease of governance features on multi-cloud and container environments.
Cybersecurity Insiders has learned that Rapid 7 has closed the deal at the Nasdaq Exchange on Tuesday through cash and shares and might complete the entire deal procedure by June 2020.
Note- Due to the widespread of Corona Virus across the world, most of the Merger and Acquisition deals have been paused or dropped down. But Rapid 7 CEO Corey Thomas sees the pandemic rise differently and feels that the virus spread will accelerate companies’ shift more towards cloud computing and so companies offering utmost cloud security will see this as a win-win situation.