Rapid7 Buys Web Application Security Startup tCell To Thwart Attacks

Rapid7 Buys Web Application Security Startup tCell To Thwart Attacks>
CRN – Michael Novinson
The Boston-based cybersecurity company said tCell’s ability to enforce web application security from the browser to the server should make it easier for organizations to identify and block attacks. Offerings from San Francisco-based early-stage startup tCell include runtime application self-protection and web application monitoring. Terms of the deal weren’t disclosed, and Rapid7’s stock remains unchanged at $33.33 in after-hours trading Monday. The acquisition of tCell isn’t expected to have a material impact on the company’s revenue earnings per share in the 2018 calendar year, according to the company. Rapid7 didn’t immediately respond to a request for additional comment. tCell was founded in 2014, employs 74 people, and raised $9 million in an October 2016 Series A round led by Menlo Ventures, according to LinkedIn and CrunchBase. The company’s next-generation cloud web application firewall is intended to help web applications, APIs and microservices defend themselves against attacks.
Link: https://www.crn.com/news/security/rapid7-buys-web-application-security-startup-tcell-to-thwart-attacks


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