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.
Rapid7 (NASDAQ: RPD) has appointed Tim Adams as its new Chief Financial Officer, effective January 3, 2022. Adams succeeds Jeff Kalowski, who is retiring after five years in the position. Adams previously served as CFO at BitSight Technologies and brings over a decade of financial leadership experience from companies like ObsEva SA and athenahealth. The transition aims to ensure continuity and leverage Adams’ expertise to support Rapid7’s growth journey. Kalowski will assist during the transition period.
BOSTON, Nov. 10, 2021 – Rapid7 (NASDAQ: RPD), a leader in security analytics and automation, announced its participation in two upcoming virtual conferences. The company will present at the RBC Global Technology Conference on November 17, 2021, at 3:20 p.m. ET, and at the Barclays Global Technology Conference on December 8, 2021, at 10:20 a.m. ET. Both presentations will be available via live webcast, with replays accessible on Rapid7's investor relations website. Rapid7 serves over 9,900 customers by enhancing security through its Insight Platform.
Rapid7 reported a 38% year-over-year growth in annualized recurring revenue (ARR), reaching $550 million, driven by demand for security solutions and the acquisition of IntSights. Total revenue surged 33% to $139.9 million for Q3 2021, with customer numbers up 17%. However, the company posted a GAAP net loss of $37.7 million, with expectations of continued losses into Q4. Guidance for full-year revenue is between $528.7 million and $530.3 million, indicating a 28% to 29% year-over-year growth.
Rapid7 (NASDAQ: RPD) is expanding its presence by opening a new office in Tampa, Florida, initially creating over 100 jobs in the tech sector. This move aims to tap into the area's skilled workforce, including military veterans and graduates from local universities. The company emphasizes the need for top talent to support its ongoing innovation in security analytics. Rapid7 has experienced significant growth, with its global employee count doubling since 2016, and it continues to be recognized as a top employer.
Rapid7, Inc. (NASDAQ: RPD) will announce its Q3 2021 financial results on November 3, 2021, after market close. A conference call will take place at 4:30 p.m. Eastern Time to discuss the results and future outlook.
Participants can access the call via phone or live webcast on the company’s website. A replay will be available until November 10, 2021. Rapid7, a security analytics and automation leader, serves over 9,300 customers and focuses on improving security outcomes.
Rapid7 (Nasdaq: RPD) announced a notice of redemption for its $45.352 million 1.25% convertible senior notes due 2023, effective November 30, 2021. The redemption price will be 100% of the principal plus accrued interest from August 15, 2021. Holders can convert the notes into shares of common stock until November 29, 2021, at a conversion rate of 24.0460 shares per $1,000 principal. Rapid7 plans to settle conversions through cash and stock. This move aims to enhance the company’s financial position while managing debt effectively.
Rapid7, a leader in security analytics and automation, announced its participation at the KeyBanc Virtual 22nd Annual Technology Leadership Forum. The presentation will take place on August 12, 2021, at 1:20 PM Eastern Time. Attendees can access the live webcast and a replay afterward on the investor relations section of Rapid7's website. With over 9,300 clients, Rapid7 focuses on simplifying security through advanced visibility and automation, enabling organizations to effectively manage vulnerabilities and respond to threats.
Rapid7, a leading security analytics firm, reported a strong Q2 2021 with annualized recurring revenue (ARR) reaching $488.9 million, a 29% increase year-over-year. Total revenue was $126.4 million, up 28%, driven by product revenue growth of 29%. Customer count grew by 13%, with ARR per customer increasing 14%. Rapid7 has acquired IntSights for enhanced threat intelligence and launched InsightCloudSec, expanding its security platform capabilities. However, the company is experiencing a GAAP net loss of $34.2 million.
Code42 has integrated its Incydr product with Rapid7's InsightIDR, enabling security teams to detect and respond to insider threats more effectively. This integration enhances the ability to identify critical events such as data leakage and theft while reducing false positives. The collaboration aims to streamline investigations, saving analysts time and improving compliance monitoring. With 69% of security leaders having experienced breaches despite using data loss prevention (DLP) tools, this partnership addresses the need for improved insider threat management in today’s hybrid work environment.
Rapid7, Inc. (NASDAQ: RPD) has acquired IntSights Cyber Intelligence Ltd. for approximately $335 million in cash and stock. This strategic acquisition aims to enhance Rapid7's cloud-native extended detection and response (XDR) capabilities, providing improved external threat detection and automated remediation. The integration is expected to yield high-quality alerts and quicker response times. Rapid7 anticipates its annualized recurring revenue (ARR) for Q2 2021 to reach around $489 million, reflecting a 29% year-over-year growth.