UCD spinout Logentries, which provides machine data search technology, has been acquired by US security analytics firm Rapid7 in a deal worth $68 million (€59.7 million).
Rapid7 will pay $36 million in cash and $32 million in Rapid7 shares for Logentries, which is headquartered in Boston but has a research and development team in Dublin.
Logentries was co-founded by Trevor Parsons and Viliam Holub in 2010 as a spinout from UCD’s Performance Engineering Laboratory in the UCD School...
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