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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, 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.
Rapid7 (Nasdaq: RPD) announced strong results from the 2022 MITRE Engenuity ATT&CK Evaluation, where its InsightIDR and Insight Agent emulated the Wizard Spider and Sandworm threat groups. The evaluation demonstrated high-fidelity detections, consistent early threat detection capabilities, and substantial coverage across the ATT&CK framework, identifying telemetry and tactics in 18 of the 19 attack phases. This showcases InsightIDR's position as a leading cloud-based security solution, essential for businesses facing sophisticated cyber threats.
Rapid7 (NASDAQ: RPD) has announced new cloud workload protection capabilities for its InsightCloudSec platform. These enhancements include native vulnerability assessment for container and Kubernetes environments, designed to provide deeper insights for risk management. By integrating Snyk's vulnerability database, Rapid7 aims to deliver comprehensive coverage for application and library-level vulnerabilities. Additionally, the company was recognized as a Strong Performer in The Forrester Wave™ report for cloud workload security, achieving top rankings in several key criteria.
Rapid7 (NASDAQ: RPD) released its 2021 Vulnerability Intelligence Report, revealing significant trends in cybersecurity threats. The report identified the 50 most prominent vulnerabilities, with 43 actively exploited in the wild. Notably, widespread threats rose by 136% compared to 2020, affecting the likelihood of attacks on organizations. Key findings include that 66% of vulnerabilities were classified as widespread threats, and over half were used in ransomware operations. The average time to exploitation decreased significantly from 42 days in 2020 to just 12 days in 2021.
Rapid7 (NASDAQ: RPD) has been recognized as a Strong Performer in The Forrester Wave™: Cloud Workload Security, Q1 2022, highlighting its top ranking in the Current Offering category. The report notes Rapid7's exemplary performance in cloud security posture management, Infrastructure as Code security, and more. Rapid7's InsightCloudSec aids organizations in managing risks across multi-cloud environments by preventing and remediating policy violations, thus facilitating secure cloud adoption.
BOSTON, March 1, 2022 (GLOBE NEWSWIRE) -- Rapid7 (NASDAQ: RPD) announced its participation in the Raymond James 43rd Annual Institutional Investors Conference in Orlando, FL. The management presentation is set for Tuesday, March 8, 2022, at 3:25 p.m. ET. The session will be webcast live, with a replay available on the company’s investor relations website.
Rapid7 specializes in security analytics and automation, serving over 10,000 customers to enhance security outcomes through its Insight cloud.
Rapid7 reported significant financial growth for 2021, achieving an annualized recurring revenue (ARR) of $599.0 million, a 38% year-over-year increase. Full-year revenue reached $535.4 million, up 30%, with products revenue of $500.8 million, rising 31%. The company added 1,565 customers, totaling over 10,000. Despite strong ARR and revenue growth, Rapid7 posted a GAAP net loss of $146.3 million. Looking ahead, the company projects ARR between $740 million and $750 million in Q1 2022, with revenue guidance of $682 million to $690 million for the full year.
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