LogRhythm and Exabeam, innovation leaders in cybersecurity SIEM and UEBA, have announced their intention to merge to usher in the future of AI-driven security operations. Going forward, the companies will leverage their collective innovation strengths to deliver more effective threat detection, investigation, and response (TDIR).
The merger of LogRhythm, acclaimed for turning disconnected data and signals into trusted insights, and Exabeam, well-known for providing AI-driven security operations, will enable AI through the complementary strengths of both companies. Companies will be born to expand and strengthen their leading security operations.
Logrhythm CEO Chris O'Malley expressed excitement about the future merger. “The combination of our expertise and shared strategic vision will accelerate our innovative AI-driven cybersecurity solutions for customers around the world,” he said. “Leveraging over 20 years of best-in-class SIEM and UEBA experience serving thousands of customers around the world, we are building a new, employee-driven We’re ready to build the organization.”
O'Malley continued, “A vigilant CISO is a strong, customer-focused, singularity-focused global leader in AI-driven security operations – the best alternative to frustratingly complex security operations.” We have been looking forward to the emergence of a company that can provide the means.” Options currently on the market. The day has come. ”
The merger will increase R&D investment and product innovation, expand the scope of services and support, and provide access to a larger AI-driven product portfolio. This includes both cloud-native and on-premises options.
Exabeam CEO Adam Geller mapped out a vision for the combined entity. “As an integrated organization, we will continue to push the boundaries of security operations innovation with solutions that integrate AI, automation, SIEM, security analytics and UEBA to provide a holistic approach to combating cyber threats,” he said. explained. He further said that as AI and cloud become critical elements in the market, they look forward to jointly addressing common customer needs and enhancing TDIR capabilities in cybersecurity. To cap off this accomplishment, he said he is proud to have been named a Leader in the 2024 Gartner Magic Quadrant for SIEM for the fifth consecutive year.
The merger process is expected to close in the third quarter of 2024, subject to regulatory approvals and customary closing conditions.
