(Reuters) – Rapid Seven (RPD.O), the cybersecurity firm that hired Twitter whistleblower Peitor Zacco last month, has expressed interest in a takeover, according to people familiar with the matter. After collecting, we are exploring options, including the possibility of selling.
The Boston-based firm is working with investment bank Goldman Sachs Group (GS.N) and is considering approaches from parties including private equity firms, sources said. rice field.
Talks are at an early stage and no firm agreement has been reached, the sources added.
A Rapid7 spokesperson did not immediately respond to a request for comment. A spokeswoman for Goldman Sachs declined to comment.
With a market value of about $2.4 billion, Rapid7’s shares have fallen nearly 60% over the past year amid widespread selloffs of technology stocks and concerns about the company’s competitiveness.
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Rapid7 specializes in so-called vulnerability management, providing software tools and services that help businesses assess and monitor security risks. The company is facing tougher competition for its business as business customers cut spending amid fears of a slowing economy.
Rapid7 said last month that it had hired former hacker Zatko, who served as Twitter’s head of security until his dismissal in January 2022, as a part-time consultant. Twitter’s security flaws and spam His Zatko’s allegations of lack of control over his bot were filed by Elon Musk in his unsuccessful attempt to pull out of his $44 billion acquisition of Twitter last year. Confiscated.
Reporting by Milana Vinn, San Francisco Additional reporting by Krystal Hu, New York Editing by Anirban Sen and Nick Zieminski
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