Rapid7 Adds To MDR Platform With $38M Acquisition Of Minerva Labs
The cybersecurity vendor says the acquisition will expand its managed detection and response (MDR) capabilities, including around malware prevention and anti-evasion.
Rapid7 announced an acquisition Wednesday that aims to boost its managed detection and response (MDR) platform with additional capabilities for thwarting attacker evasion tactics and preventing malware deployment.
The Boston-based company said it has acquired Minerva Labs for $38 million in a cash and stock deal.
Founded in 2014, Minerva Labs has 15 employees, primarily consisting of engineers, Rapid7 told CRN.
The acquisition of Minerva Labs appears to be the first for Rapid7 since mid-2021, when the company acquired IntSights for $335 million.
Rapid7 called Minerva Labs, which has headquarters locations in Israel and in Silicon Valley, a “leading provider of anti-evasion and ransomware prevention technology.”
In a news release, the company said that the acquisition will extend its managed threat detection offering with capabilities for orchestration of “advanced” ransomware prevention.
“These new capabilities will seamlessly extend MDR across cloud resources, traditional infrastructure, and existing endpoint protection infrastructure, enabling customers to further consolidate their security investments,” Rapid7 said in the release.
The deal comes as Rapid7 is itself reportedly considering being acquired by investors. The company has been approached by investors, including some from private equity firms, and is now working with Goldman Sachs Group to explore its options, according to a February report from Reuters.