Rapid7 (RPD) Piper Sandler 5th Annual Growth Frontiers Conference summary

Management and organizational transformation

• Nearly complete turnover in top management within the past year, including a new CEO and Chief Technology and Product Officer as of June 1, with the longest-tenured executive being the head of HR at 1.5 years.

• Executive Chairman provides continuity during this period of significant change.

• Leadership changes reflect a commitment to transformation and readiness for the next phase of growth.

Strategic focus and product evolution

• Core business, comprising over 80% of revenue, centers on detection & response (D&R) and exposure management solutions.

• Investment is prioritized in core products, with a focus on technology-driven differentiation and world-class offerings.

• Exposure management is experiencing rapid growth due to increased vulnerabilities and patching demands.

• The company aims to provide end-to-end coverage, leveraging both D&R and exposure management.

Managed services and technology integration

• Managed services are increasingly important for mid-market and low-end enterprise customers facing resource constraints.

• Recent acquisition of Kenzo Security enhances alert management and SOC capabilities.

• Technology advancements, especially AI, are being developed to automate alert triage and remediation, reducing reliance on human intervention.

• Significant investments are underway to integrate product platforms, with major releases expected through 2027.