Exclusive: Cyber IPO pipeline grows as data breaches boost security spending

By Liana B. Baker, Olivia Oran and Jim Finkle NEW YORK/BOSTON (Reuters) - Rapid7, LogRythm 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. Tech investors' eyes are glued to who has the 'magic solution.'" Boston-based Rapid7 provides software and services that help businesses assess and monitor security risks. 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.

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