Rapid7, the leading provider of security risk intelligence solutions, today announced its thirteenth consecutive record breaking quarter with 58% revenue growth for Q2 of 2012 over Q2 of 2011. This continued growth is a direct result of hiring top talent nationwide and delivering product innovations that simplify complex security challenges.
"This was another great quarter for Rapid7, and I couldn’t be more proud of our team. Not only did we continue to execute on our vision for delivering capabilities that customers really care about; we were also recognized by the Boston Business Journal for both our fantastic culture and growth," said Mike Tuchen, CEO of Rapid7. "I look forward to building on this with continued growth and technical innovation in the second half of the year."
Product Development
During the second quarter of 2012, Rapid7 released Metasploit 4.4, introducing tighter integration with Nexpose for an even more comprehensive, closed-loop security risk assessment solution. Rapid7's penetration testing solution, Metasploit® Pro, now imports the vulnerability scan results from Nexpose, identifies and tests known exploits, and feeds the most critical risks back to Nexpose to enable remediation with prioritized, pragmatic advice. Rapid7's further integration of their powerful security tools allows IT teams to take accurate, decisive action towards defense solutions, giving the entire organization increased credibility.
Q2 also saw the launch of Nexpose 5.3, which includes shared scan credentials, allowing security administrators to run authenticated scans by using one set of credentials assigned to multiple assets, rather than conducting authenticated scans for each asset separately. Rapid7's vulnerability management solution also received the CyberScope certification, was one of the first products to obtain United States Government Configuration Baseline (USGCB), and was the premier vulnerability management product to receive Common Criteria Certification for Evaluation Assurance level Augmented (EAL3+).
Customer News
Rapid7 added many new customers to its ever-growing base in Q2, including Mary Kay, which generates $2.5 billion yearly in wholesale sales of cosmetics and skincare products. Rapid7 also completed deals with Rimage Corporation, publicly traded mobile content deliverer and CD, DVD and Blu-ray Disc™ publisher, and the Australian Computer Society, a 20,000+ member professional association for information and communications technology.
Industry and Community Leadership
All of the above would not have been possible without an enthusiastic and inventive work environment. This atmosphere leads to high employee satisfaction, reflected in Rapid7 being named the Best Place to Work by the Boston Business Journal.
The Boston Business Journal also recognized Rapid7 in the 2012 Pacesetter list for the second year running. Rapid7 reported a 250% revenue increase from 2008-2011, achieving status as an "Elite Pacesetter" and coming in at number four on the list.
Team Growth
In Q2, Lee Weiner joined Rapid7 as vice president of product management. Lee brings 15 years of experience in the enterprise software market, including expertise in managing the product life cycle. He joins the leadership team at Rapid7's new Innovation Center in Cambridge, Massachusetts. The Center will be a hub of world-class engineering at Rapid7, developing new products to make our customers more secure.
Rapid7 security analytics software and services reduce threat exposure and detect compromise for 3,000 organizations across 78 countries, including over 250 of the Fortune 1000. We understand the attacker better than anyone and build that insight into our solutions to improve risk management and stop threats faster. We offer advanced capabilities for vulnerability management, penetration testing, controls assessment, incident detection and investigation across your assets and users for virtual, mobile, private and public cloud networks. To learn more about Rapid7 or get involved in our threat research, visit www.rapid7.com.