Rapid7 Acquires Logentries; Adds Machine Data Search to Its Leading Security Data and Analytics Platform


Rapid7 Acquires Logentries; Adds Machine Data Search to Its Leading Security Data and Analytics Platform

Rapid7, Inc. (NASDAQ: RPD), a leading provider of security data and analytics solutions, today announced it has acquired RevelOps, Inc. d/b/a Logentries (Logentries), a leading provider of machine data search technology. With the addition of Logentries’ world class, cloud-based log management and search, Rapid7 will enable information security teams to solve a full range of security challenges, deeply investigate incidents, and more efficiently achieve their compliance requirements. Rapid7 acquired Logentries for an aggregate purchase price of approximately $68 million, consisting of approximately $36 million in cash and $32 million in Rapid7 equity.

Mohamed Mohideen
Mohamed Mohideen is the Marketing Manager at Spire Solutions.