Rapid7 has acquired Logentries, a provider of machine data search technology, for $68 million.
The acquisition of Logentries accelerates Rapid7’s product roadmap, adding machine data search, forensics and compliance capabilities that will build upon Rapid7’s core threat exposure management, and incident detection, investigation and analytics.
Logentries’ technology provides a cloud-based solution for searching, visualizing and analyzing machine data and logs. Built-in tagging, alerting and reporting offer a proactive view of their environment and can help identify anomalous events. Logentries’ architecture enables users to store and search structured, semi-structured, and unstructured data in real time as well.
“This disruptive combination of Rapid7’s industry-leading data collection and security analytics and Logentries’ compelling machine data search technology, enables customers to better understand and quickly respond to risk in their IT environment,” said Corey Thomas, president and CEO of Rapid7. “This is a natural progression of our security data and analytics platform, complementing our value proposition and accelerating our time to market.”
Logentries is headquartered in Boston, Massachusetts, with a research and development team based in Dublin, Ireland. Logentries serves more than 3,000 customers in over 65 countries across a diverse set of industries. Logentries has approximately 70 employees, nearly all of whom joined Rapid7, including all of the engineering and development professionals in Dublin. Rapid7 said that it will continue to build this team and invest in its presence in Ireland.
Andrew Burton, CEO of Logentries, added, “Rapid7’s leading position in the security data and analytics market gives us the opportunity to reach an evolving and expanding market that is looking for lower cost access to machine data, along with advanced security data collection and analytics.”