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10 Hot Cybersecurity Companies To Watch In 2020

Many of the industry's fastest-growing vendors will have their hands full in 2020 integrating major acquisitions, completing their first year as a publicly-traded company, or rolling out new partner programs and technical capabilities.

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Rapid7 bought NetFort for $16.1 million in 2019 to improve its ability to detect attacks, investigate incidents and gain more visibility into devices that pose a risk to organizations. Galway, Ireland-based NetFort provides end-to-end network monitoring, traffic visibility and analytics capabilities across cloud, virtual and physical networks.

The Boston-based company’s InsightIDR incident detection and response tool identifies unauthorized access from external and internal threats, highlighting suspicious activity so that companies don’t have to weed through thousands of data streams. Wall Street has been pleased with Rapid7’s vision, sending the company’s stock 84.7 percent higher in 2019 to $57.03 per share on a valuation of $2.82 billion.

Customers have also been impressed with the breadth of Rapid7’s capabilities, driving an annual sales increase of 34 percent in the first nine months of 2019 to more than $235 million. And the company has invested in new employees to support all this growth, increasing headcount by 21 percent over the past year to 1,631 people, with aggressive hiring coming in the support, sales, and engineering functions.

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