Brian Essex
JPMorgan Chase & Co, Research Division

Good morning, everyone. Thank you for joining us. My name's Brian Essex. I cover mid-cap and large-cap software for JPMorgan, and I'm excited to have Rapid7 with me today. To my right, we have Corey Thomas, the CEO of the company; and then to his right, we have Rafe Brown, the company's new CFO. So Corey, Rafe, thank you so much for joining us. I appreciate it.

Rafeal Brown
Chief Financial Officer

Thank you for having us.

Corey Thomas
CEO & Director

Thank you for having us, Brian.

Brian Essex
JPMorgan Chase & Co, Research Division

Yes, maybe to start, Corey, if you can help me maybe frame out your perspective on the shift in the environment, the threat environment that we've seen over the past 6 months or so and how that's impacted your business just overall?

Corey Thomas
CEO & Director

Yes. I mean, look, I think that -- if you go back, attackers have been adopting AI technology. So you've seen attacks move from low and slow to much faster. And so that's having customers in the detection and response space do, frankly, fast cycle upgrades to their capabilities. The bottom line is that they're looking for how do they get more coverage, faster response, faster detection and better scale. Lots of them are starting to actually move beyond just traditional SIEM. It's been a bit of a tailwind for the MDR players, but it's also been a bit of a pressure point to actually cover more of the environment at lower cost.