Rapid7 acquires NetFort

Security player Rapid7 has acquired network traffic visibility and analytics player NetFort to add a greater depth of functionality to its Insight cloud offering.

The firm has developed its own cloud platform that provides a range of networking visibility and analytics tools and security features and will be able to add the NetFort expertise into that mix, improving its ability to detect attacks, investigate incidents and gain increased visibility into areas of risk.

Rapid7 has been trying to develop an approach that gives users the chance to look at the threats, risks and performance of a data network through a single platform.

“We were immediately impressed by NetFort’s technology and the deep network protocol expertise inherent across the team,” said Lee Weiner, chief product officer at Rapid7.

“By bringing NetFort’s network data and analytics to our own platform, we enhance security analysts’ capability to unearth risk, detect attacks, and investigate incidents more effectively," he added.

The terms of the deal were not disclosed but Rapid7 indicated that it would not have a material impact on its annualised revenue growth, revenue and non-GAAP operating and net income for this year.

The firm is no stranger to using acquisition as a way to expand its offering and last October picked up web application security provider tCell.

John Brosnan, chief executive officer at NetFort, which has been in business since 2002, based in Ireland, said that becoming part of a larger organisation was a result of the hard work the staff and management had done running the firm.

“Rapid7 will help us apply our network data insights across their cloud-based platform to improve the security posture of our customers," he said.

The Rapid7 deal comes just a matter of hours after Network Utilities, a networking and security specialist, acquired Metropolitan Networks, indicating that consolidation in the channel is continuing, particularly on this side of the market.