Rapid7 acquires Mobilisafe

Rapid7 has acquired Mobilisafe, a Mobile Risk Management (MRM) provider, and entered a new market with its solution for managing the risk associated with Bring Your Own Device (BYOD).

Mobilisafe’s cloud-based risk management solution perfectly complements Rapid7’s existing security assessment and management solutions, Nexpose and Metasploit. These solutions enable organizations to gain visibility into the threats they face, manage and prioritize risk, and take targeted action to improve their security.

“The trend of BYOD highlights one of the greatest challenges organizations face in security, which is identifying all the devices being used to access corporate data, and understanding the associated threats so they can be mitigated,” said Mike Tuchen, CEO of Rapid7. “With the acquisition of Mobilisafe, Rapid7 addresses this challenge, providing visibility of mobile devices and enabling organizations to manage their risk and take mitigating action. This builds on our existing expertise in managing IT risk across on-premise, cloud and virtual assets.”

Mobile security has become an increasingly urgent focus for organizations, with the BYOD trend creating new and unknown risks. According to global research and advisory firm Forrester: “59% of firms now officially support personally owned smartphones to some extent,” while a study conducted by Mobilisafe revealed that 71% of mobile devices contained high severity vulnerabilities.

Given this landscape, it is critical that organizations have a means to gain visibility into the mobile assets being brought into their environments, as well as the ability to take the necessary action to manage their risk. In fact, more than half of all IT security practitioners surveyed rated mobile security “8” or higher on a 10-point scale of importance relative to other security priorities.

“We created Mobilisafe in response to the security challenges organizations face with BYOD,” said Giri Sreenivas, CEO and co-founder of Mobilisafe. “Rapid7 is already helping organizations address security risks with a simple approach that enables defenders to identify relevant threats and prioritize remediation and mitigation efforts. This approach is totally in-line with our own view. We’re impressed with the market position and customer focus the company has built. It’s exciting to combine forces to help customers simplify their security needs, regardless of device.”

Rapid7 announced its intention to expand its offerings through acquisition as well as internal development when it received $50 million in funding. Mobilisafe, founded in 2010, was an obvious choice, complementing both Rapid7’s software offerings and its business culture. Both companies focus on solving complex security issues with solutions that are simple to use and easy to try. With over 30 years of combined mobility experience, the Mobilisafe team brings deep knowledge of mobile security challenges with the same commitment to user experience.

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