Rapid7: CEO History

Rapid7, Inc. (NASDAQ: RPD) is a premier cybersecurity operations and threat exposure leader headquartered in Boston, Massachusetts. Founded in 2000, Rapid7 has transformed modern security operations (SecOps) by bridging the gap between offensive security testing and defensive security monitoring. The enterprise is universally renowned across the global cybersecurity community as the custodian and developer of Metasploit—the world's most ubiquitous penetration testing framework used by ethical hackers, enterprise red teams, and security researchers worldwide. Beyond offensive testing, Rapid7 has built the comprehensive Insight cloud platform, delivering unified visibility across Vulnerability Risk Management (InsightVM), Cloud SIEM and Extended Detection and Response (InsightIDR), Cloud Security (InsightCloudSec), and Application Security (InsightAppSec). Rapid7 protects more than 11,000 corporate and institutional customers across 140 countries, including over 20% of the Fortune 500. Under the visionary leadership of Chairman and Chief Executive Officer Corey Thomas, Rapid7 generates approximately $780 million in annual revenue, delivering high-margin recurring SaaS subscriptions and elite Managed Detection and Response (MDR) services to neutralize modern cyber threats.

Rapid7 operates an enterprise Software-as-a-Service (SaaS) subscription and managed services business model with strong recurring revenue and high customer lifetime value: (1) Insight Platform SaaS Subscriptions (~80% of revenue), billed annually on a per-asset, per-user, or data-ingestion basis across InsightVM (vulnerability management), InsightIDR (cloud SIEM/XDR), InsightCloudSec (cloud security), and InsightConnect (SOAR automation); (2) Managed Detection and Response (MDR) Services (~15% of revenue), providing 24/7/365 managed threat monitoring, human-led threat hunting, and automated incident response delivered by Rapid7's elite global Security Operations Centers; and (3) Professional Security Services & Metasploit Pro (~5% of revenue), encompassing adversary emulation, red-teaming penetration testing consulting, and commercial Metasploit software licensing. Rapid7 maintains gross margins exceeding 73% and an annualized recurring revenue base of over $790 million.