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Rapid7, Inc. (NASDAQ: RPD) is a prominent cybersecurity company dedicated to creating a safer digital world by simplifying cybersecurity for organizations. Founded in 2000 and headquartered in Boston, Rapid7 has grown to become a global leader in providing comprehensive security solutions.
With a focus on vulnerability management, extended detection and response (XDR), security information and event management (SIEM), cloud security, threat intelligence, and security orchestration, automation, and response (SOAR), Rapid7 empowers over 11,000 customers worldwide. These solutions help security teams reduce vulnerabilities, detect and respond to threats, and automate routine tasks, ensuring robust protection against cyberattacks.
Rapid7 recently announced the opening of a new office in Prague, Czech Republic, which will serve as a hub for technical talent and innovation. This new location will also house a Security Operations Center (SOC) to enhance the company's 24x7 Managed Detection and Response (MDR) services. The Prague office aims to create over 100 jobs by mid-2024, focusing on areas like data engineering, software development, and IT.
Continuing its trend of innovation, Rapid7 introduced an AI-powered cloud anomaly detection solution. This offering improves the speed and accuracy of threat detection in cloud environments, reducing false positives and enabling rapid response to actual threats. This solution is currently available for select customers and integrates seamlessly with Rapid7's existing platform.
Rapid7's Managed Digital Risk Protection (DRP) service further extends its security offerings by monitoring external threats on the clear, deep, and dark web. This service, combined with MDR, provides comprehensive coverage of both internal and external attack surfaces, significantly enhancing threat detection and response capabilities.
The company has received industry recognition for its InsightIDR solution, which was named the Best SIEM Solution at the SC Awards Europe 2024. InsightIDR stands out for its ability to streamline detection and response through precise alerting, detailed investigations, and actionable automation.
Rapid7’s commitment to research is highlighted by its annual Attack Intelligence Report, which provides valuable insights into modern cyber threats. The 2024 report emphasized the increasing threat of zero-day vulnerabilities and the importance of timely patching and mitigation strategies.
Overall, Rapid7 continues to expand its global footprint, invest in innovation, and deliver top-tier cybersecurity solutions, making it a vital player in the fight against cyber threats.
Rapid7 (NASDAQ: RPD) announced new layered context capabilities in its InsightCloudSec platform, enhancing cloud security management. This feature provides security teams with a consolidated view of risk signals, addressing issues like misconfigurations and public exposure. It simplifies risk prioritization and remediation, enabling organizations to adapt to rapid cloud adoption. Key benefits include context-driven risk assessment, real-time insights into vulnerabilities, and streamlined asset management.
Rapid7, Inc. (NASDAQ: RPD) will release its second quarter 2022 financial results on August 3, 2022, after market close. The company will host a conference call that day at 4:30 p.m. ET to discuss its results and business outlook. Investors can access the call via telephone or through the company's website. With over 10,000 customers relying on its security analytics and automation solutions, Rapid7 continues to position itself as a leader in the cybersecurity space.
BOSTON, May 25, 2022 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ: RPD), a leader in security analytics and automation, will present at two upcoming conferences. The William Blair 42nd Annual Growth Stock Conference is scheduled for June 7, 2022, at 4:00 p.m. CT in Chicago, IL. The Baird 2022 Global Consumer, Technology & Services Conference follows on June 8, 2022, at 1:25 p.m. ET in New York, NY. Both presentations will be webcasts, with replays available on Rapid7's investor relations website.
DirectDefense has appointed Jared Ballou as Vice President of Business Development, based in San Diego, CA. His primary role will focus on driving strategic partnerships to enhance the company's growth strategy, following what has been its most profitable year to date in 2021. Ballou brings over 15 years of experience, having previously held leadership positions at ObserveIT and was a founding member at Rapid7, where he significantly contributed to revenue growth. DirectDefense aims to strengthen its position as a leading provider of managed security services.
Rapid7 reported a robust first quarter of 2022 with annualized recurring revenue (ARR) reaching $627 million, marking a 38% year-over-year increase. Total revenue hit $157 million, up 34%, driven by products revenue of $149 million (+36%). Customer base grew by 16% to 10,407, boosting ARR per customer by 18%. Despite a net loss of $44.999 million, the company generated positive free cash flow. For Q2, Rapid7 expects revenue growth of 29-31%.
Rapid7, Inc. (NASDAQ: RPD) has been named a Visionary by Gartner for the second consecutive year in the 2022 Magic Quadrant for Application Security Testing. This recognition highlights Rapid7’s ability to address the complexities of modern application security, emphasizing cross-functional collaboration among security, development, and operations teams. The company integrates its application security portfolio with its broader security operations platform to enhance vulnerability remediation and risk reduction. Rapid7 continues to expand its security solutions, partnering with Checkmarx and Snyk to secure applications during development.
Rapid7 (NASDAQ: RPD) announced it will release its first quarter 2022 financial results on May 4, 2022, after market close. A conference call to discuss the results and business outlook is scheduled for the same day at 4:30 p.m. Eastern Time, accessible by phone and via webcast. The company provides security analytics and automation solutions, serving over 10,000 customers. For more details, visit their website.
Rapid7 has released its inaugural 2022 Social Good Report, detailing efforts in diversity, equity, and inclusion, cybersecurity advancements, philanthropy, environmental sustainability, and governance. The company emphasizes its commitment to social good, promoting inclusion in cybersecurity and community support. CEO Corey Thomas highlights the importance of transparency and accountability in creating a secure digital future. Rapid7 aims to connect everyone with powerful security technologies to enhance overall cybersecurity efforts.
Rapid7, Inc. (NASDAQ: RPD) has announced the formation of the Rapid7 Cybersecurity Foundation, with an initial funding of $1 million. The Foundation aims to close the cybersecurity achievement gap, focusing on diversity and inclusion in the tech workforce. Its strategic grants will support STEM education, open-source tools, and advocacy for vulnerable communities. Corey Thomas, CEO of Rapid7, emphasizes that this initiative is a continuation of their commitment to social good and cybersecurity for all.
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