2007 Press Releases

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Rapid7 Reports Phenomenal Third Quarter with Growth in Sales, Employees and OEM Partnership

BOSTON – November 7, 2007 – Rapid7, the leading provider of Unified Vulnerability Management (UVM) solutions for large enterprise deployments and small to medium businesses, today announced a 100% revenue increase over last quarter; a result of signing new big name customers and an OEM agreement with a major security provider. In addition to the phenomenal growth, Rapid7 formed new partnerships and strengthened several departments with new employees and seasoned executives.

A leading network antivirus and Internet content security software and services provider has signed an OEM partner agreement with Rapid7. Nexpose will be used for internal network security assessment. In addition to enterprise wide internal use, Nexpose will be an integral part of their Vulnerability Management offering. This $600 million security company plans to market and sell this service to their large customer base in the fields of education, finance, government, healthcare, technology and telecommunications.

With the addition of new customers New York Cyber Security, and Carnegie Mellon the home of CERT and the OEM partnership with a large security vendor, Rapid7’s Nexpose is the number one choice of security experts. In addition to adding top security experts, Rapid7 signed multibillion dollar companies including the largest energy provider on the west coast and Jefferies & Company Inc., a global investment banking and brokerage firm. Also in Q3, Rapid7 welcomed retail giants Liz Claiborne, Black & Decker, and Life Is Good to their list of new clients.

Along with the increase in licensing, Rapid7’s Professional Services Department experienced phenomenal growth. Rapid7’s Professional Services team offers a multitude of security services, most notably PCI Compliance testing. Consumer credit card data protection and privacy is an issue of increasing importance and concern; exhibited in the month of August, when service sales doubled those in the previous month. “We sought out Rapid7 because we take PCI Compliance very seriously,” says Dean Ross, Vice President of Information Technology at new customer Hair Club for Men. “Protecting customers’ information is part of giving the best service possible.” In response to the increase in activity, professional services has expanded the team by bringing in new security consultants and increasing the number of CISSPs.

During Q3, Rapid7 expanded and improved its development team by appointing Chris Moore as the new Vice President of Engineering. The former Head of Risk Management Development for Foundstone and McAfee brings with him 22 years of product development and management skills. Under his leadership, Rapid7’s development team is working towards product enhancements that will add to Rapid7’s network security leadership.

“This has been an outstanding quarter; and I believe it is a testament to both to the quality of our product and Rapid7’s substantial position in the market space” Says Rapid7 CEO Alan Matthews. “We are excited about our growth and expect it to be followed with even more impressive sales next quarter.”

About Rapid7 Nexpose

The award-winning Rapid7 Nexpose Unified Vulnerability Management (UVM) is an all-in-one security solution that scans networks, Web applications, databases, to locate threats, assess their risk to the environment, devise a remediation plan and implement the ticketing process. Nexpose incorporates an expert system to build a knowledge base of facts on the environment it explores and model potential targeted attacks to expose all existing threats. Nexpose provides robust reporting capabilities that ensure compliance with governmental regulations, corporate security configuration policies, and the PCI Data Security Standard. Nexpose is available as a "plug and play" appliance, downloadable software, or an On-Demand hosted solution.

About Rapid7

Rapid7 is the leading provider of security risk intelligence solutions. Rapid7's integrated vulnerability management and penetration testing products, Nexpose and Metasploit, empower organizations to obtain accurate, actionable and contextual intelligence into their threat and risk posture. Rapid7's solutions are being used by more than 1,700 enterprises and government agencies in more than 65 countries worldwide, while the Company's free products are downloaded more than one million times per year and enhanced further by over 125,000 security community users and contributors. Rapid7 has been recognized as one of the fastest growing security companies by Inc. Magazine and as a "Top Place to Work" by the Boston Globe. The Company is backed by Bain Capital Ventures and Technology Crossover Ventures. For more information about Rapid7, please visit http://www.rapid7.com.