![]() The acquisition is expected to close during the second quarter of 2020, subject to the satisfaction of customary closing conditions.Īs organizations accelerate their migration and adoption of cloud services, they need help bringing Security and DevOps teams together to understand and effectively manage the governance, risk and security of their cloud and container environments. Under the terms of agreement, Rapid7 will acquire Divv圜loud for a total purchase price of approximately $145 million, subject to adjustments, to be paid in cash and stock. (NASDAQ: RPD), a leading provider of security analytics and automation, today announced that it has entered into a definitive agreement to acquire Divvy Cloud Corporation, a leader in Cloud Security Posture Management (CSPM). I suspect more later than the previous one, but we’ll need to find out more data when the bill shows the DV results after the deal closes A few quarters away from that information.BOSTON, Ap(GLOBE NEWSWIRE) - Rapid7, Inc. This is a software-level multiple that means the company has either incredibly strong gross margins, or had to pay a multiple-premium to buy today’s company’s future growth. Divvy has sold at about 25x its current revenue rate. ![]() It also lets us know that the company did no more than $4 million or so in March 2020 revenue. Still having its most recent Q1 month generate a three-figure growth rate is good. So, we can’t be sure that its full Q1 2021 growth was over the 100% mark. “>100% revenue growth YoY,” again calculated by leaning on the company’s March results.That puts Divvy’s March, 2021 revenues at around $8.3 million. “~$100 million annualized revenue,” calculated using the company’s March results multiplied by 12.Again, this is a March number annualized. “~$4 billion annualized TPV,” or total payment volume.The numbers below come from on the deal, which you can read here.So, this afternoon, let’s unpack the deal to get a better idea of the value of competitors with huge exits and DV-rich financing. This not only allows us to better understand the quality of the Unicorn when exiting, but also its competitors, against which we now have a set of metrics to carry. Luckily for us, has released a deck that provides a variety of financial metrics related to DV purchases. Better-than-expected results and news of the acquisition combined to increase the value of by more than 13% in the after-hours trading session. ![]() The company’s per-share deficit widened further to $0.07, with a combined loss of $0.02 per share also exceeding expectations. Million $54.63 million dollars above expectations included $0.02 million in revenue. According to, the transaction includes $625 million in cash the rest of the consideration will come in the form of stock at DV’s new parent firm.īill.com also reported its quarterly results today: $59.7 in Q1. The total purchase price of about $2.5 billion is above the company’s post-money value of about $1.6 billion, which DV set for its $165 million fund in January 2021. As expected, is buying DV, starting to manage Utah-based corporate spending that competes with Brex, Ramp and Airbase. ![]()
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