$68m Logentries sale will lead to more Dublin jobs

Logentries has 70 staff split between Dublin and Boston, but new owner Rapid7 expects number to grow

18th October, 2015
4
Andrew Burton, chief executive of Logentries

Logentries’ office on Lombard Street in Dublin 2 is only mildly humming, a couple of days after the software business was sold for $68 million.

The sale price comprised $36 million in cash and $32 million in equity in its new owner Rapid7, a Nasdaq-listed security data and analytics company.

In addition, Rapid7 has granted 910,812 in restricted common stock to 39 individuals in Logentries. These shares were worth more than $20 million at current prices.

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