Rapid7 Acquires Noetic Cyber to Enhance Attack Surface Management
Amsterdam, Thursday, 4 July 2024.
Rapid7’s acquisition of Noetic Cyber aims to improve cybersecurity for Dutch IT sector. The deal enhances visibility into digital attack surfaces, combining Noetic’s CAASM solution with Rapid7’s existing tools. This strategic move promises comprehensive asset management across on-premise and cloud environments.
Improved Visibility and Management
The integration of Noetic Cyber’s Cyber Asset and Attack Surface Management (CAASM) solution into Rapid7’s existing cybersecurity portfolio is a significant step forward. This acquisition allows Rapid7 to offer a more holistic view of a customer’s cybersecurity environment. By incorporating Noetic Cyber’s capabilities, Rapid7 aims to provide detailed insights into both internal and external assets, whether they are on-premise or in the cloud. This comprehensive visibility is crucial for managing and mitigating potential cyber threats effectively[1][2].
How Noetic Cyber’s CAASM Works
Noetic Cyber, founded in 2019 by Paul Ayers, Allen Hadden, and Allen Rogers, developed its CAASM solution to help security teams manage their attack surfaces proactively. The platform breaks down existing data silos, providing a unified view of an organization’s security posture. It enables security teams to see, understand, and correct security issues, thus maintaining a robust cybersecurity stance. The CAASM solution also enhances the effectiveness of existing security tools by integrating and improving their functionalities[1].
Strategic Importance for the Dutch IT Sector
For the Dutch IT sector, the acquisition is particularly significant. Rapid7’s enhanced capabilities are expected to bolster cybersecurity measures across various industries in the Netherlands. Corey Thomas, CEO of Rapid7, emphasized that the fragmented attack surface can hinder productivity, efficiency, and collaboration within security teams. By incorporating Noetic’s solution, Rapid7 aims to deliver a more productive security operations experience, making advanced cybersecurity tools more accessible to those who need them most[1][3].
Financial and Operational Implications
The acquisition is expected to close during Rapid7’s third fiscal quarter of 2024. While the deal will not materially impact Rapid7’s Annualized Recurring Revenue (ARR) for the year, it positions the company for long-term growth and innovation in the cybersecurity space. Rapid7’s commitment to improving security outcomes through accessible and accurate asset inventory reflects a broader trend in the industry towards more integrated and proactive cybersecurity solutions[3].