Rapid7 Has Robust First Quarter, Reports Multiple New Sales, Partnerships and Product Developments
Provider of NeXpose Enterprise Vulnerability Management Generates Vigorous Customer Activity and a Dramatic Increase in its Professional Services Business
BOSTON – April 24, 2007 – Rapid7, provider of the award-winning NeXpose enterprise vulnerability management solution, today announced a prosperous first quarter, reporting abundant activity in the areas of product sales and development, partnership development, and professional services.
From January through March, Rapid7 signed several new customers from across various vertical markets, including LPL Financial, Maidenform, Jenny Craig, Coach and Carnegie Mellon University. The company also formed partnerships with technology solutions providers, Calence, FishNet, NitroSecurity, Wolf and Company, and Tailwind Associates.
First quarter sales of consulting and training services were up fivefold as Rapid7’s Professional Services Group expanded, resulting in services revenue that has already surpassed the Group’s performance in all of 2006.
In terms of product developments, Rapid7 introduced its Payment Card Industry (PCI) Compliance Portal (pci.rapid7.com), a remote, easy-to-use scanning solution that meets the security requirements of all credit card companies. Using the award-winning NeXpose expert system, the Rapid7 PCI Compliance Portal goes beyond scanning network devices to locate the Website and database vulnerabilities that hackers commonly exploit to capture credit card data.
Rapid7 launched the first quarter with the release of NeXpose version 4.5 and the NeXpose Enterprise Edition, which offers comprehensive, enterprise-level scanning and data storage via support for Oracle environments. NeXpose 4.5 allows organizations to leverage the advantages of their Oracle infrastructure, thus dramatically increasing performance and reliability.
"Our unique sales model, which fosters close customer relationships, creates stable, recurring revenue streams for the company," states Alan Matthews, president of Rapid7 LLC. "Through good communications, organization and discipline, we drive our teams to demonstrate higher performance in technical excellence, market acceptance and customer support."
Customers signed by Rapid7 in the first quarter include organizations in the following industries:
- Education — Carnegie Mellon University, Citrus Community College, Montgomery Community College, Sage College, University of Wisconsin/Stevens Point
- Finance — Eastern Bank, LPL Financial, New Star Financial, Wescom Credit Union
- Healthcare —Doctors Hospital at Renaissance, Maryland Hospital Association, Yale New Haven Hospital
- Retail — Alex Lee Supermarkets, Brookshire Brothers, Coach, Olympia Sports
- Consumer Products and Services — Jenny Craig, Maidenform, Red Robin Gourmet Burgers, Zoots
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 Unified Vulnerability Management (UVM) Solutions. Rapid7 NeXpose UVM provides network, database and web application vulnerability management for enterprise deployments and small to medium businesses. Rapid7 was founded in 2000 by a team of software industry veterans who were major contributors to product development and subsequent growth and success at Percussion Software, Bond Technologies and Stride & Associates. Since introduced, NeXpose has been sold to corporate enterprises, Global 2000 companies, and government entities, and serves the full range of vertical markets across the U.S. and abroad. In addition, Rapid7 provides compliance products and services for PCI, HIPAA and Sarbanes Oxley. Rapid7 is headquartered in Boston, MA, with offices in California and the United Kingdom. For more information on the company and its product, NeXpose, visit www.rapid7.com.