Seattle startup Mobilisafe has been acquired in a deal of undisclosed size by Boston-based Rapid7, a heavily-funded security company that raised $50 million last year. The deal comes just four months after former T-Mobile USA engineers Giri Sreenivas and Dirk Sigurdson launched Mobilisafe, which was bankrolled by Madrona Venture Group and Trilogy.
Sreenivas tells us that they weren’t looking to sell, and they were just days away from raising another round of capital. He said the deal marks a “great return” for investors.
“As we got to know Rapid7 better, however, working together made a lot of sense,” Sreenivas tells GeekWire. “We have very complementary products and our views on the security market are identical – security products are too cumbersome today to be effective and the focus needs to shift to ease of use and ease of deployment. Coming together this way is a great way to accelerate adoption of our product and impact the market.”
Mobilisafe employs seven people, and they will all be joining Rapid7, which is maintaining an office in Seattle. Sreenivas will serve as vice president and general manager of mobile at Rapid7.
“The trend of (Bring Your Own Device) highlights one of the greatest challenges organizations face in security, which is identifying all the devices being used to access corporate data, and understanding the associated threats so they can be mitigated,” said Mike Tuchen, CEO of Rapid7, said in a release. “With the acquisition of Mobilisafe, Rapid7 addresses this challenge, providing visibility of mobile devices and enabling organizations to manage their risk and take mitigating action. This builds on our existing expertise in managing IT risk across on-premise, cloud and virtual assets.”
Previously on GeekWire: Mobilisafe promises mobile device security (without spying on employees)