Benzinga | Apr 21, 2021 10:30AM EDT

Rapid7 Acquires Velociraptor To Drive Incident Response Abilities

* Security analytics and automation provider Rapid7 Inc (NASDAQ: RPD) has acquired open-source technology and community Velociraptor. The financial terms of the transaction were not disclosed.

* Rapid7 will continue to build the Velociraptor community and control its technology and acumens to augment Rapid7's incident response capabilities under the arrangement.

* Velociraptor was developed for digital forensics and incident response (DFIR) professionals to detect and track malicious activities across endpoints.

* Rapid7 held $173.6 million in cash and equivalents as of Dec. 31, 2020.

* Price action: RPD shares traded higher by 0.65% at $83.28 on the last check Wednesday.