$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
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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