IT, deals, acquisitions

Rapid7 Absorbs Metasploit

Wade Roush 10/21/09

Rapid7, the Boston- and El Segundo, CA-based startup that makes software to protect corporate networks, databases, and Web applications from hostile outsiders, said today that it has acquired the Metasploit Project, which has developed an open-source penetration testing system as well as a large public database of tested exploits against computer systems. HD Moore, the founder of the project, will join Rapid7 as chief architect and chief security officer, Rapid7 CEO Mike Tuchen said in an open letter. The terms of the transaction were not disclosed. Rapid7 obtained $7 million in financing from Bain Capital Ventures in September 2008.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.