Saturday, July 13, 2024

Rapid7 to Acquire Noetic Cyber to Enhance Attack Surface Visibility

Rapid7, Inc., a leader in extended risk and threat detection, has announced a definitive agreement to acquire Noetic Cyber, a pioneering company in cyber asset surface management (CAASM).

This strategic move aims to bolster Rapid7’s existing cybersecurity solutions by integrating Noetic’s advanced CAASM capabilities, providing customers with a more comprehensive view of their digital environments.

Enhanced Visibility and Risk Management

Integrating Noetic Cyber’s CAASM solution into Rapid7’s platform will offer unparalleled visibility into internal and external assets spanning on-premise and cloud environments.

This enhanced visibility will empower customers to:

  • Gain a high-context, inside-out view and an adversary-aware, outside-in perspective to better anticipate threats and manage risks.
  • Prioritize risks with threat-aware context, identifying the most critical exposures.
  • Improve signal-to-noise ratios across security teams, enhancing asset inventory and reducing risks through pragmatic remediation guidance and automation.
  • Boost efficiency and productivity by providing highly correlated asset and resource views with searchable risk context.

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Corey Thomas, CEO of Rapid7, emphasized the importance of this acquisition, stating, “Fragmented attack surfaces stifle security productivity, efficiency, collaboration, and credibility.

Adding Noetic’s solution to our platform positions Rapid7 to deliver the most productive security operations experience while making it more accessible to the teams who need it most.”

Addressing a Critical Industry Challenge

According to the 2024 Gartner® Innovation Insight: Attack Surface Management report, only 17% of organizations can identify and inventory a majority (95% or more) of their assets.

This statistic underscores the critical need for improved asset visibility and management in the cybersecurity landscape.

Paul Ayers, CEO and co-founder of Noetic Cyber highlighted the acquisition’s benefits, stating, “The addition of Noetic Cyber to Rapid7’s portfolio ensures even more security teams can be confident they have the right visibility of their security data.

Rapid7 customers will now be able to better prioritize exposures based on the meaningful insights from Noetic and take action to identify security gaps and reduce cyber risk.”

Noetic Cyber, founded in 2019 by Paul Ayers, Allen Hadden, and Allen Rogers, has been dedicated to empowering security teams to command their attack surface.

The company’s proactive approach to cyber asset and exposure management aims to enhance security tools and control efficacy by breaking down existing data silos.

The acquisition is expected to close during Rapid7’s fiscal third quarter and is not anticipated to have a material impact on the company’s 2024 Annualized Recurring Revenue (ARR).

Rapid7 plans to make Noetic Cyber’s capabilities available to its customers this summer after the transaction’s completion.

The company’s comprehensive security solutions help over 11,000 global customers manage cloud risk and detect threats quickly and precisely.

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Divya is a Senior Journalist at GBhackers covering Cyber Attacks, Threats, Breaches, Vulnerabilities and other happenings in the cyber world.

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