Security data and analytics solutions provider Rapid7 today announced its intent to acquire DivvyCloud, a startup developing a cloud infrastructure automation platform, for approximately $145 million in cash and stock. The companies expect the deal to close during Q2 2020, subject to approval and closing conditions.
The acquisition — which comes two years after Rapid7’s initial public offering — is a spot of bright news in a startup ecosystem that’s seen hundreds of companies lay off workers since March, owing to coronavirus headwinds. And it points to the cybersecurity market’s strength at a time when enterprises are experiencing a spike in malware campaigns using coronavirus misinformation. Barracuda Networks reports that it saw a 667% increase in phishing emails linked to the coronavirus during the month of March. [ Venture Beat ]
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