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Rapid7 Achieves FedRAMP® In Process Designation

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Rapid7 (NASDAQ: RPD) has achieved the In Process Designation from the Federal Risk and Authorization Management Program (FedRAMP®) for its InsightGovCloud Platform. This designation signifies that Rapid7 is actively working towards authorization, making it eligible to provide cloud services to federal agencies.

The InsightGovCloud Platform offers government agencies tools for attack surface assessment, threat detection, and automated response. The initial FedRAMP in-boundary offerings include vulnerability management, CNAPP, and SOAR solutions.

This milestone strengthens Rapid7's position in the public sector, where there is growing demand for cloud security solutions that enhance security, ensure compliance, and consolidate point solutions while improving efficiency and reducing costs. The company currently holds several industry certifications including SOC2 Type 2, ISO 27001, TX-RAMP, IRAP, EU-U.S. Data Privacy Framework, and CE+.

Rapid7 (NASDAQ: RPD) ha ottenuto la Designazione In Processo dal Federal Risk and Authorization Management Program (FedRAMP®) per la sua piattaforma InsightGovCloud. Questa designazione indica che Rapid7 sta lavorando attivamente verso l'autorizzazione, rendendola idonea a fornire servizi cloud alle agenzie federali.

La piattaforma InsightGovCloud offre alle agenzie governative strumenti per la valutazione della superficie di attacco, il rilevamento delle minacce e la risposta automatizzata. Le prime offerte FedRAMP in-boundary includono gestione delle vulnerabilità, CNAPP e soluzioni SOAR.

Questo traguardo rafforza la posizione di Rapid7 nel settore pubblico, dove cresce la domanda di soluzioni per la sicurezza cloud che migliorano la sicurezza, garantiscono la conformità e consolidano le soluzioni puntuali, migliorando l'efficienza e riducendo i costi. L'azienda detiene attualmente diverse certificazioni del settore, tra cui SOC2 Tipo 2, ISO 27001, TX-RAMP, IRAP, EU-U.S. Data Privacy Framework e CE+.

Rapid7 (NASDAQ: RPD) ha logrado la Designación En Proceso del Programa Federal de Gestión de Riesgos y Autorizaciones (FedRAMP®) para su Plataforma InsightGovCloud. Esta designación significa que Rapid7 está trabajando activamente hacia la autorización, haciéndola elegible para proporcionar servicios en la nube a agencias federales.

La Plataforma InsightGovCloud ofrece a las agencias gubernamentales herramientas para la evaluación de superficie de ataque, detección de amenazas y respuesta automatizada. Las ofertas iniciales de FedRAMP en la frontera incluyen gestión de vulnerabilidades, CNAPP y soluciones SOAR.

Este hito fortalece la posición de Rapid7 en el sector público, donde hay una creciente demanda de soluciones de seguridad en la nube que mejoran la seguridad, garantizan el cumplimiento y consolidan soluciones puntuales mientras mejoran la eficiencia y reducen costos. La empresa actualmente tiene varias certificaciones de la industria, incluyendo SOC2 Tipo 2, ISO 27001, TX-RAMP, IRAP, EU-U.S. Data Privacy Framework y CE+.

Rapid7 (NASDAQ: RPD)는 InsightGovCloud 플랫폼에 대해 연방 위험 및 승인 관리 프로그램(FedRAMP®)으로부터 진행 중인 디자인ation(Designación In Process)을 달성했습니다. 이 디자인ation은 Rapid7이 승인을 위해 적극적으로 작업하고 있음을 나타내며, 연방 기관에 클라우드 서비스를 제공할 수 있는 자격을 부여합니다.

InsightGovCloud 플랫폼은 정부 기관에 공격 표면 평가, 위협 탐지 및 자동화된 대응을 위한 도구를 제공합니다. 초기 FedRAMP 인바운드 오퍼링에는 취약점 관리, CNAPP 및 SOAR 솔루션이 포함됩니다.

이 이정표는 Rapid7의 공공 부문에서의 입지를 강화하며, 여기서는 보안을 강화하고, 준수를 보장하며, 포인트 솔루션을 통합하면서 효율성을 개선하고 비용을 절감하는 클라우드 보안 솔루션에 대한 수요가 증가하고 있습니다. 현재 이 회사는 SOC2 Type 2, ISO 27001, TX-RAMP, IRAP, EU-U.S. 데이터 프라이버시 프레임워크 및 CE+를 포함한 여러 산업 인증을 보유하고 있습니다.

Rapid7 (NASDAQ: RPD) a obtenu la désignation En Cours du Programme Fédéral de Gestion des Risques et d'Autorisation (FedRAMP®) pour sa plateforme InsightGovCloud. Cette désignation signifie que Rapid7 travaille activement à l'autorisation, la rendant éligible pour fournir des services cloud aux agences fédérales.

La plateforme InsightGovCloud propose aux agences gouvernementales des outils pour l'évaluation de la surface d'attaque, la détection des menaces et la réponse automatisée. Les premières offres FedRAMP en frontière incluent la gestion des vulnérabilités, le CNAPP et des solutions SOAR.

Ce jalon renforce la position de Rapid7 dans le secteur public, où la demande de solutions de sécurité cloud qui améliorent la sécurité, garantissent la conformité et rationalisent les solutions ponctuelles tout en améliorant l'efficacité et réduisant les coûts est en forte hausse. L'entreprise détient actuellement plusieurs certifications industrielles, notamment SOC2 Type 2, ISO 27001, TX-RAMP, IRAP, le Cadre de Protection des Données UE-États-Unis et CE+.

Rapid7 (NASDAQ: RPD) hat die In Prozess Designation des Federal Risk and Authorization Management Program (FedRAMP®) für die InsightGovCloud-Plattform erhalten. Diese Auszeichnung bedeutet, dass Rapid7 aktiv an der Genehmigung arbeitet, was die Bereitstellung von Cloud-Diensten für Bundesbehörden ermöglicht.

Die InsightGovCloud-Plattform bietet Regierungsbehörden Werkzeuge für Angriffsflächenbewertung, Bedrohungserkennung und automatisierte Reaktion. Die ersten FedRAMP-Inbound-Angebote umfassen Schwachstellenmanagement, CNAPP und SOAR-Lösungen.

Dieser Meilenstein stärkt die Position von Rapid7 im öffentlichen Sektor, wo die Nachfrage nach Cloud-Sicherheitslösungen, die die Sicherheit verbessern, die Einhaltung sicherstellen und Punktlösungen konsolidieren, während Effizienz verbessert und Kosten gesenkt werden, wächst. Das Unternehmen besitzt derzeit mehrere branchenübliche Zertifizierungen, darunter SOC2 Typ 2, ISO 27001, TX-RAMP, IRAP, das EU-US-Datenschutzrahmenwerk und CE+.

Positive
  • Achieved FedRAMP In Process Designation, enabling access to federal agency market
  • Platform expansion into government sector with InsightGovCloud offering
  • Holds multiple industry certifications enhancing market credibility
Negative
  • None.

Insights

The FedRAMP In Process designation represents a strategic expansion into the lucrative federal market, potentially opening up significant revenue opportunities. The federal IT security market is valued at over $20 billion annually, with cloud security being a rapidly growing segment. This designation positions Rapid7 to compete more effectively against established players like CrowdStrike and Palo Alto Networks in the federal space.

The timing is particularly advantageous as federal agencies are accelerating their cloud adoption under the Cloud Smart strategy, with mandates to modernize legacy systems. The InsightGovCloud Platform's comprehensive offering, including vulnerability management, CNAPP and SOAR capabilities, aligns perfectly with federal agencies' needs for consolidated security solutions that can deliver cost efficiencies while meeting strict compliance requirements.

The FedRAMP authorization process typically takes 12-18 months to complete. Once fully authorized, Rapid7 will be able to serve not only federal agencies but also state and local governments that often align their security requirements with federal standards. This creates a multiplier effect for market expansion potential.

This regulatory milestone has meaningful implications for Rapid7's growth trajectory. Federal contracts typically carry higher margins and longer commitment periods compared to commercial sector deals, potentially improving the company's financial stability and predictability. The federal sector also tends to be more resilient during economic downturns, providing a hedge against market volatility.

Looking at comparable companies that achieved FedRAMP authorization, they typically see a 15-20% revenue boost from federal contracts within the first 24 months post-authorization. With Rapid7's current market cap of $2.4 billion, successful penetration into the federal market could drive significant shareholder value. The company's existing enterprise-grade certifications (SOC2, ISO 27001) coupled with this FedRAMP progress demonstrates strong operational maturity and positions them well for capturing market share in the federal sector.

BOSTON, Jan. 15, 2025 (GLOBE NEWSWIRE) -- Rapid7, Inc., (NASDAQ: RPD), a leader in extended risk and threat detection, has announced that it has achieved the In Process Designation from the Federal Risk and Authorization Management Program (FedRAMP®) for its InsightGovCloud Platform. The FedRAMP In Process designation indicates that Rapid7 is actively working towards authorization, making it an eligible and trusted Cloud Service Offering (CSO) for federal agencies. This new designation highlights Rapid7’s continued commitment to partnering with federal agencies to invest in security solutions that enable continuous threat exposure management and enhance the resilience of their organizations.

As cloud adoption in federal agencies continues to grow, so does the critical need for security solutions that enhance security, ensure compliance, and consolidate point solutions while improving efficiency and reducing operational costs. The Rapid7 InsightGovCloud Platform provides government agencies with the tools and clarity they need to assess their attack surface, detect suspicious behavior, and respond and track remediations with intelligent automation. The InsightGovCloud Platform includes vulnerability management, CNAPP, and SOAR solutions as part of Rapid7’s initial FedRAMP in-boundary offerings.

“Achieving this designation is a significant milestone for Rapid7 and the federal agencies we support,” said Damon Cabanillas, public sector vice president of sales at Rapid7. “We look forward to deepening the way we work with security teams across the sector, by offering a comprehensive solution that secures their environments from the endpoint to the cloud, and ultimately helps them effectively manage, prioritize, and respond to risks across their attack surface.”

Industry certifications Rapid7 currently holds include SOC2 Type 2, ISO 27001, TX-RAMP, IRAP, EU-U.S. Data Privacy Framework, and CE+.  

To learn more about Rapid7’s Command Platform, visit https://www.rapid7.com/platform/.

To view the FedRAMP In Process Marketplace listing for InsightGovCloud, visit https://marketplace.fedramp.gov/products/FR2422240916.

About Rapid7

Rapid7, Inc. (NASDAQ: RPD) is on a mission to create a safer digital world by making cybersecurity simpler and more accessible. We empower security professionals to manage a modern attack surface through our best-in-class technology, leading-edge research, and broad, strategic expertise. Rapid7’s comprehensive security solutions help more than 11,000 global customers unite cloud risk management with threat detection and response to reduce attack surfaces and eliminate threats with speed and precision. For more information, visit our website, check out our blog, or follow us on LinkedIn or X.

About FedRAMP

FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the federal government by providing a standardized approach to security and risk assessment for cloud technologies and federal agencies.

Rapid7 Media Relations
Alice Randall
Director, Global Corporate Communications
press@rapid7.com 
(857) 216-7804

Rapid7 Investor Contact
Elizabeth Chwalk
Sr. Director, Investor Relations
investors@rapid7.com
(617) 865-4277


FAQ

What does Rapid7's FedRAMP In Process Designation mean for RPD?

The designation indicates Rapid7 is actively working towards FedRAMP authorization, making it eligible to provide cloud services to federal agencies, potentially expanding its market reach in the government sector.

What services does Rapid7's InsightGovCloud Platform offer to federal agencies?

The platform offers vulnerability management, CNAPP, and SOAR solutions, providing tools for attack surface assessment, threat detection, and automated response capabilities.

What industry certifications does RPD currently hold?

Rapid7 holds SOC2 Type 2, ISO 27001, TX-RAMP, IRAP, EU-U.S. Data Privacy Framework, and CE+ certifications.

How will the FedRAMP designation impact Rapid7's market position?

The designation positions Rapid7 to expand its presence in the federal sector, accessing a growing market for cloud security solutions in government agencies.

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