Security analytics deal sees Rapid7 acquire NetFort

BY Fraser Tennant

In a deal which adds traffic-visibility analytics and security monitoring software to its cyber security repertoire, US data analytics company Rapid7 has acquired Irish tech firm NetFort.

The deal is expected to improve Rapid7’s ability to detect attacks, investigate incidents and gain increased visibility into devices that pose a risk to organisations.

The company plans to bring NetFort’s network monitoring, visibility and analytics capabilities into its Insight cloud – which processes billions of events and monitors millions of assets daily, collecting and analysing data from the endpoint to the cloud – to assist its 7800 customers to securely advance their organisations.

“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.”

Founded in 2000, Rapid7 helps security teams reduce vulnerabilities, monitor for malicious behaviour, investigate and shut down attacks, and automate routine tasks.

NetFort is Rapid7’s second Irish acquisition after previously buying Logentics in 2015.

“We are delighted to join Rapid7 and believe this is a testament to the capabilities of our people and our technology,” said John Brosnan, chief executive at NetFort. “Rapid7 will help us apply our network data insights across their cloud-based platform to improve the security posture of our customers.”

Founded in 2002 and based in Galway, NetFort provides network traffic and security monitoring software for virtual and physical networks. Its products provide powerful, deep-packet inspection technology which helps businesses have comprehensive visibility across their networks.

The financial terms of the deal were not released.

News: Galway tech firm NetFort acquired by Boston’s Rapid7

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