Rapid7, Inc. develops AI-powered managed cybersecurity operations software and services centered on the Rapid7 Command Platform. Company news commonly covers managed detection and response, exposure management, security information and event management, cloud security capabilities, threat intelligence research from Rapid7 Labs, and updates to products such as Exposure Command.
Recurring developments also include quarterly financial results, annualized recurring revenue and subscription revenue trends, investor conference participation, equity compensation grants, and completed acquisitions that extend Rapid7’s security operations technology, including the acquisition of Kenzo Security.
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BOSTON, April 12, 2023 – Rapid7 (NASDAQ: RPD) will announce its first quarter 2023 financial results on May 9, 2023, after market close. A conference call to discuss the results will occur on the same day at 4:30 p.m. ET, accessible via phone or live webcast on Rapid7's investor website. The call will allow investors to gain insights into the company's financial performance and future business outlook.
Rapid7 focuses on simplifying cybersecurity for over 10,000 customers worldwide, integrating cloud risk management and threat detection solutions to enhance security and reduce attack surfaces.
Rapid7, Inc. (NASDAQ: RPD) announced the acquisition of Minerva Labs, Ltd. for approximately $38 million in cash and stock. This acquisition enhances Rapid7's managed threat detection and orchestration capabilities across cloud and endpoint environments. The integration is expected to bolster advanced ransomware prevention and improve alignment with customers’ security investments. Minerva’s technology offers multi-layer ransomware prevention, enhancing overall threat detection. Financially, the acquisition is not projected to materially impact Rapid7's Annualized Recurring Revenue growth or income for 2023.