MissionOG portfolio company DivvyCloud acquired by Rapid7 for $145 million – PhillyEnterpriseTech

information supplied by MissionOG

MissionOG is pleased to announce the acquisition of portfolio company DivvyCloud by Rapid7 (ticker: RPD) for $145 million. The acquisition represents a great outcome for the DivvyCloud team, its investors, and the acquirer. 

DivvyCloud broadens Rapid7’s product offerings to include infrastructure security and compliance. As Rapid7 CEO Corey Thomas stated, “We have been very impressed with the DivvyCloud team and its technology for some time. As the rate of cloud adoption continues to rise, the DivvyCloud platform will be an important part of our offering, giving customers a much deeper, comprehensive view into their cloud security posture.”

Founded by Brian Johnson and Chris DeRamus and headquartered in Arlington, Virginia, DivvyCloud provides automated policy enforcement for multi-cloud and container environments to help enterprises manage infrastructure cost, compliance, and security.  

MissionOG first invested in DivvyCloud in October 2017 and participated in a subsequent growth round in April 2019. DivvyCloud’s business was well matched to a core investment theme that we have pursued – enterprises will continue to migrate workloads in mass to the cloud, creating great demand for tools to effectively innovate and manage their cloud infrastructure.  

The exit from DivvyCloud marks the firm’s second successful investment outcome within the cloud infrastructure space with the prior being the acquisition of Cloudamize by Blackstone. We have been thrilled to watch DivvyCloud build a leadership position in a fast-growing market and remain excited about their future, now with Rapid7.

To learn more about the transaction, please see additional coverage on Venture Beat and ZDNet.

Recent Portfolio NewsTethr research on COVID-19 highlighted in recent Harvard Business Review articleDrew Edwards, CEO of Ingo, discusses the acceleration of digital payment adoption amidst the pandemicVenminder opens registration for its third-party risk management bootcampSparkBeyond partners with DemystData to provide contextual data for smarter decision-making

Firm NewsThe latest installment in our ‘OG’ blog series features MissionOG advisor Marge Connelly on how banking and the credit market may evolve during the COVID crisisManaging Partners
George Krautzel Gene Lockhart Andrew Newcomb

Operating Partner
Michael Heller

Senior Advisors
Rob Metzger Bob Nolan David Roberts |Ted Saunders    
                                                     
Venture Partner
Victoria Lopez-Negrete 
About Us
MissionOG partners with high-growth businesses that have proven models in segments where we have had success as operators and investors, including financial services and payments, data platforms, and software. To help accelerate our partner companies, we invest financial capital and leverage a broad network of industry experts. 

MissionOG is led by a team that has effectively built and scaled companies through their various stages of growth to successful acquisitions. 

Leave a Reply

Your email address will not be published. Required fields are marked *