10 Hot Cybersecurity Companies You Should Watch In 2022
Many of the industry’s most successful cybersecurity companies will prioritize integrating major acquisitions, executing on new channel and technology partnerships, and expanding their services capabilities.
Rapid7 spent $388 million in 2021 on three acquisitions to stay ahead of the competition. The Boston-based company spent $335 million to acquire IntSights and give customers a unified view into threats, attack surface monitoring and proactive threat mitigation. Rapid7 also bought Kubernetes security startup Alcide for $50 million to facilitate the rapid deployment of applications and protect cloud environments.
In addition, the company purchased Velociraptor for $3 million to give digital forensics and incident response professionals a powerful and efficient way to hunt for and monitor malicious activities across endpoints. Customers have been impressed with Rapid7’s new capabilities, driving an expected sales increase of 29 percent in 2021 to $530 million.
Wall Street has been pleased with Rapid7’s vision, sending the company’s stock 27 percent higher over the past year to $108.24 per share on a valuation of $6.11 billion. And Rapid7 has invested in new employees to support all this growth, increasing head count by 21 percent over the past year to 2,449 people, with aggressive hiring coming in the support, engineering and IT functions.