I'm very excited today to join the Rapid7 family. The acquisition is good news for Logentries customers, Rapid7 customers and all of our employees. It means that great minds and innovative technology have come together to solve some of our thorniest IT and security challenges.
The Logentries team has been on a mission over the last few years -- Revealing the Power of Log Data to the World. While pursuing our mission, I am often asked why log data has become so valuable. The answer is simple: look at the world around us. Cloud computing has emerged as a disruptive force, mobile and internet connected devices are increasing exponentially, and IT systems are widely distributed and increasingly siloed.
These trends have changed the nature of what it means to build, deploy, manage and secure the systems we all rely on for our daily lives. And when systems are breached, or closer investigation into potential issues is warranted, it's the log data that is often the source of truth.
Rapid7 is dedicated to solving the security data and analytics challenge; Logentries is dedicated to solving the machine data search and analytics challenge. Uniting to form one team—uniquely positioned to offer the broadest and deepest solutions for searching and analyzing IT and security data—is the next logical iteration.
It is in this spirit that I look forward to working as a member of the Rapid7 team. Together we will embrace the data challenge, and help our customers and partners better understand, manage and protect their IT infrastructure.
Rapid7 is committed to continuing the development of our products. The company has a strong reputation for effectively partnering with its customers, delivering continuous innovation and creating solutions with impact. Sounds a lot like Logentries!
You can learn more about the acquisition from the press release, this blog from Rapid7's CEO, Corey Thomas, or by joining our conference call today at 5:00 p.m. Eastern Time. The call will be accessible by telephone at 888-223-4580 (domestic) or 303-223-2683 (international). A webcast replay will be available at http://investors.rapid7.com until October 16, 2015.