Merger of two vendors to offer AI, automation, SIEM, security analytics, and UEBA.
Thoma Bravo has announced the intention to merge its SIEM vendor LogRhythm with Exabeam, a rival provider of log management services.
The merger will put together the two companies to deliver AI-driven security operations and offer threat detection, investigation, and response, Thoma Bravo said.
Chris O’Malley, CEO of LogRhythm, said: “Together our expertise and shared strategic vision will accelerate innovative AI-driven cybersecurity solutions for customers around the world.
“With more than twenty years of best-in-class SIEM and UEBA experience in serving thousands of worldwide customers, we are poised to create a new employee-inspired organization that encapsulates the absolute best of what we both offer.”
“As a combined organization, we will continue to push the envelope of security operations innovation with solutions that bring AI, automation, SIEM, security analytics, and UEBA together to deliver a holistic approach to combating cyberthreats,” said Adam Geller, CEO, Exabeam.
“With AI and cloud as driving forces that can’t be ignored in the market, we look forward to collectively addressing the needs of our joint prospects and customers to further enhance their cybersecurity TDIR capabilities.”
The merger is expected to close in the third quarter of 2024 and is subject to regulatory approvals and customary closing conditions.
Dan Raywood is a seasoned B2B journalist with over 20 years of experience, specializing in cybersecurity for the past 15 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes. Outside work, Dan enjoys supporting Tottenham Hotspur, managing mischievous cats, and sampling craft beers.
Dan Raywood is a seasoned B2B journalist with over 20 years of experience, specializing in cybersecurity for the past 15 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes. Outside work, Dan enjoys supporting Tottenham Hotspur, managing mischievous cats, and sampling craft beers.
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