M&A Moves: Boston’s Rapid7 will acquire Arlington-based DivvyCloud for $145M – Technical.ly

Posted: April 29, 2020 at 9:43 pm


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M&A Moves is a Technical.ly column where we highlight D.C.-area companies completing mergers and making acquisitions to scale their businesses. Have a submission? Email us at dc@technical.ly and tell us why it belongs in the roundup.

Boston-based Rapid7 announced its intent to acquire Arlington, Virginia-based DivvyCloud in a deal valued at approximately $145 million in cash and stock.

Rapid7 is a publicly traded provider of security analytics and automation technology. Founded in 2013, DivvyCloud develops technology to automate and manage cloud infrastructure that businesses use to improve security. Rapid7s acquisition of DivvyCloud is expected to close some time in this second quarter.

Joining forces with Rapid7 is a natural next step, said DivvyCloud cofounder and CEO Brian Johnson in a statement. With the combined expertise of both Rapid7 and DivvyCloud, we are even better positioned to help enterprises accelerate innovation using cloud and containers without the loss of control.

When the deal closes, DivvyClouds team of more than 75 will join Rapid7, and so will its portfolio of over 50 customers. DivvyCloud didnt disclose any leadership transitions as a result of the acquisition at this time. With this partnership, Rapid7 customers will gain access to DivvyClouds platform.

This deal comes after DivvyCloud hit a major growth spurt in 2019 by nearly doubling its employee count and moving into a new headquarters.

P.S. The Arlington company is hosting a free webinar at 2 p.m. on April 29 on the state of enterprise cloud adoption and security. More info here.

Virginia Beach, Virginia-based DroneUp, a four-year-old end-to-end drone pilot service provider for aerial data collection, has acquired AeroVista Innovations for an undisclosed amount. This acquisition allows DroneUp to provide full-service drone training to private and public sector organizations, per a press release.

AeroVista Innovations, which is also headquartered in Virginia Beach, provides drone training, consulting and programs to public agencies and organizations.

DroneUp will mainly integrate AeroVistas business operations into its brand as The DroneUp Training Academy. The academy will be led by both DroneUp training director, Brenden Stewart, and the companys sales director, Melanie Harris.

Our training division allows us to enhance the skills of our pilots who fly complex missions for our customers and to assist our clients in problem-solving internal and off-site issues impacting safe and complete drone solutions, DroneUp founder and CEO Tom Walker said in a statement. DroneUp is looking forward to the expansion through this acquisition.

Chevy Chase, Maryland-based private equity firm Arlington Capital Partnersannounced that its portfolio company, AEgis Technologies, has acquired Chantilly, Virginia-based Excivity.

AEgis Technologies provides advanced engineering solutions across the intelligence market. Founded in 2016, Excivity creates security software and hardware, including applications and situational awareness toolsets. The company also consults its clients on how to implement security tech, and conducts cybersecurity trainings.

The financial terms of the deal were not disclosed but Excivitys founder and CEO Matt Ramsey and CTO Roger Edmiston joined the AEgis Technologies leadership team. The pair will still manage the Excivity business and as of this month, Ramseys new role is general manager, according to his Linkedin profile.

The acquisition adds complementary technologies, deep industry relationships, and a highly technical employee base to the AEgis platform, Arlington Capital Partners VP Henry Albers said in a statement. We will continue to pursue strategic acquisitions that add cutting-edge capabilities in our target mission areas.

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M&A Moves: Boston's Rapid7 will acquire Arlington-based DivvyCloud for $145M - Technical.ly

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April 29th, 2020 at 9:43 pm

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