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LogRhythm and Exabeam Announce Intent to Merge, Harnessing Collective Innovation Strengths to Lead the Way forward for AI-Pushed Safety Operations


The mixed firm will carry collectively two cybersecurity SIEM and UEBA innovation leaders with famend and demonstrated monitor information in serving prospects with efficient risk detection, investigation, and response (TDIR)

LogRhythm, the corporate serving to safety groups cease breaches by turning disconnected knowledge and alerts into reliable insights, and Exabeam, a world cybersecurity chief that delivers AI-driven safety operations, right this moment introduced that the businesses have entered right into a merger settlement. The mixed firm will leverage the complementary strengths from every group to take AI-driven safety operations to new heights.

“Collectively our experience and shared strategic imaginative and prescient will speed up progressive AI-driven cybersecurity options for patrons all over the world,” stated Chris O’Malley, CEO of LogRhythm. “With greater than twenty years of best-in-class SIEM and UEBA expertise in serving hundreds of worldwide prospects, we’re poised to create a brand new employee- impressed group that encapsulates the best possible of what we each supply. Vigilant CISOs have eagerly awaited the emergence of a robust, customer-obsessed, singularly- targeted international chief in AI-driven safety operations—one that provides a best-of-breed various to the frustratingly advanced choices in the marketplace right this moment. That day has arrived.”

Prospects will profit from enhanced R&D investments and product innovation, larger service and help protection and entry to a bigger AI-driven product portfolio, together with cloud-native and on-premises choices.

“As a mixed group, we’ll proceed to push the envelope of safety operations innovation with options that carry AI, automation, SIEM, safety analytics, and UEBA collectively to ship a holistic strategy to combating cyberthreats,” stated Adam Geller, CEO, Exabeam. “With AI and cloud as driving forces that may’t be ignored available in the market, we stay up for collectively addressing the wants of our joint prospects and prospects to additional improve their cybersecurity TDIR capabilities. We’re proud to be named a Chief within the 2024 Gartner® Magic QuadrantTM for SIEM for the fifth straight time and to supply all that’s now doable by way of efficacy, worth, velocity, and scale.”

The merger is anticipated to shut within the third quarter of 2024 and is topic to regulatory approvals and customary closing circumstances. J.P. Morgan Securities LLC acted as unique monetary advisor and Goodwin Procter LLP acted as authorized advisor to Exabeam on the transaction. Kirkland & Ellis LLP acted as authorized advisor to LogRhythm on the transaction.

About LogRhythm

LogRhythm helps safety groups cease breaches by turning disconnected knowledge and alerts into reliable insights. From connecting the dots throughout numerous log and risk intelligence sources to utilizing subtle machine studying that spots suspicious anomalies in community site visitors and consumer conduct, LogRhythm precisely pinpoints cyberthreats and empowers professionals to reply with velocity and effectivity.

With cloud-native and self-hosted deployment flexibility, out-of-the-box integrations, and advisory companies, LogRhythm makes it simple to comprehend worth rapidly and adapt to an ever- evolving risk panorama. Collectively, LogRhythm and our prospects confidently monitor, detect, examine, and reply to cyberattacks. Study extra at logrhythm.com.

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