The approximately $68 million deal, of which $36 million was in cash and the remainder as equity in Rapid7, closed Tuesday. Nearly all the 70 Logentries employees joined Rapid7, which committed to keeping the research and development center open in Dublin, Ireland.
The acquisition makes a lot of sense for Rapid7, as the new search and forensics capabilities from Logentries would complement the company’s analytics platform used by security teams for incident detection and response. Companies tend to have data in silos, as info from endpoints, networks, cloud services, and security tools all reside in different locations. The new technology from Logentries accelerated Rapid7’s product road map as it added machine data search, forensics, and compliance capabilities to the incident detection, investigation, and analytics platform.
