Activist investor Jana Partners has built a stake in Rapid7 and plans to push the cybersecurity company to sell itself, people familiar with the matter told The Wall Street Journal’s Lauren Thomas. Jana managing partner Scott Ostfeld unveiled the investment Wednesday at the Sohn Monaco Investment Conference and although the size of Jana’s stake couldn’t be learned, Ostfeld described it as “significant,” according to the report. Jana is working with the investment firm Cannae Holdings and the goal is for Cannae to team up with a private-equity firm to buy the company, the sources told The Journal.
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