Exclusive: Cyber Ipo Pipeline Grows As Data Breaches Boost Security Spending

[Ron Burgundy]

By Liana B. Baker, Olivia Oran and Jim Finkle NEW YORK/BOSTON (Reuters) - Rapid7, LogRhythm and Mimecast are joining a growing list of cybersecurity firms planning to go public in 2015 to capitalize on investor interest following a spate of hacker attacks, according to people familiar with the matter. Shares of publicly traded cybersecurity firms have outperformed the market in recent months, as high-profile data breaches at Sony Corp, JPMorgan Chase & Co and Anthem Inc prompt businesses to spend more to secure their computer networks. It has more than 3,500 customers, including Amazon.com Inc, American Express Co and Bank of America Corp. Mimecast, also based in Boston, is an email security firm with 10,000 customers. Rapid7, whose investors include Bain Capital Ventures and Technology Crossover Ventures, has chosen Morgan Stanley and Barclays to assist with an initial public offering, the people said.

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