Cybersecurity firm Rapid7 attracts acquisition interest from buyout firms

Quick Summary:

This is not the first time Rapid7 has attracted acquisition interest.

In 2022, Vista Equity took cybersecurity firm KnowBe4 private in a deal worth $4.6 billion.

The company's shares were down about 32 per cent this year before Friday's close, underperforming the S&P 500 systems software index, which has risen more than 17 per cent during the same period.

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Category: BusinessFinance

Markets: India

Topics: Software services Cyber space Rapid7 Cyber security

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 10:09:35 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 402 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23318976

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