Rapid7 (RPD) explores potential sales reports Reuters

Rapid7, Inc. (NASDAQ: RPD) is exploring options, including a potential sale following acquisition interest, according to Reuters on Wednesday.

Citing people familiar with the matter, the publication said the cybersecurity firm is now working with Goldman Sachs Group as private equity firms have approached the company.

However, discussions are said to be at an early stage, with no deal to acquire the Boston-based firm a certainty.

The company specializes in what it describes as vulnerability management, supplying software tools and services to help businesses assess and monitor cybersecurity risks.

Rapid7 shares surged on the news, currently up more than 20%, just above the $48 per share mark.

However, the stock is down more than 50% in the past 12 months following the broader sale in technology stocks over the past year. There have also been concerns about Rapid7's competitive positioning.

By Sam Boughedda

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