Rapid7 to Acquire Noetic Cyber

BOSTON, July 01, 2024 (GLOBE NEWSWIRE) — Rapid7, Inc. (NASDAQ: RPD), a leader in extended risk and threat detection, today announced it has signed a definitive agreement to acquire Noetic Cyber, an innovator and a leader in cyber asset attack surface management (CAASM).

The addition of Noetic’s CAASM solution to Rapid7’s existing cybersecurity solutions will provide more comprehensive visibility of a customer’s environment, including visibility into both internal and external assets, on-premise and in the cloud. With this, customers will be empowered to:

  • More fully understand their attack surface with a high-context, inside-out view and an adversary aware, outside-in view to efficiently anticipate threats and manage risk
  • Enable focused prioritization and fidelity with threat-aware context to recognize the most acute risk signals and exposures
  • Drive better signal-to-noise across security teams by effectively and continually improving asset inventory and content to reduce risk and build resiliency with pragmatic remediation guidance and automation
  • Create efficiency and productivity for security teams, giving them highly correlated asset and resource views along with searchable risk context

“Fragmented attack surface is stifling security productivity, efficiency, collaboration, and credibility,” said Corey Thomas, chief executive officer, Rapid7. “The addition of Noetic’s solution to our platform positions Rapid7 to deliver the most productive security operations experience while making it more accessible to the teams who need it most.”

According to the 2024 Gartner® Innovation Insight: Attack Surface Management report, “only 17 percent of organizations can clearly identify and inventory a majority (95% or more) of their assets.”1

“The addition of Noetic Cyber to Rapid7’s portfolio ensures even more security teams can be confident they have the right visibility of their security data,” said Paul Ayers, chief executive officer and co-founder, Noetic Cyber. “Rapid7 customers will now be able to better prioritize exposures based on the meaningful insights from Noetic and take action to identify security gaps and reduce cyber risk.”

Noetic Cyber was co-founded in 2019 by Paul Ayers, Allen Hadden, and Allen Rogers to empower security teams to command their attack surface. Noetic Cyber provides a proactive approach to cyber asset and exposure management, empowering security teams to see, understand, and fix their security posture and control drift. Noetic Cyber’s goal has been to improve security tools and control efficacy by breaking down existing data silos enhancing the entire security ecosystem.

The acquisition of Noetic Cyber is expected to close during Rapid7’s fiscal third quarter and is not expected to have a material impact on the Company’s 2024 Annualized Recurring Revenue (“ARR”).

Following the close of the transaction, Rapid7 is expected to make Noetic Cyber capabilities available to its customers this summer. To learn more about how Rapid7’s acquisition of Noetic Cyber will benefit customers and to get notified as soon as the solution is available, visit https://www.rapid7.com/info/lp/request-caasm-demo/.

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.