LogRhythm and Exabeam announce merger to enhance AI-driven cybersecurity solutions
Summary
Despite the continuing M&A in cybersecurity and the rise of larger platforms such as Palo Alto Networks Inc., CrowdStrike Holdings Inc. and Zscaler Inc., though, there’s still little sign of the industry overall consolidating to fewer suppliers. “Together our expertise and shared strategic vision will accelerate innovative AI-driven cybersecurity solutions for customers around the world,” Chris O’Malley, chief executive officer of LogRhythm, said in a statement. “With more than 20 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.” The terms of the merger were not disclosed. The company’s Security Intelligence Platform uses machine learning to deliver advanced analytics and automated incident responses while offering set pricing for unlimited data. Logrhythm, founded in 2003, offers advanced security information and event management solutions to detect, analyze and respond to cybersecurity threats.
