Cybersecurity companies LogRhythm and Exabeam announced that they have entered into a merger agreement. The combined company will leverage each organization’s complementary strengths to promote AI-driven security.
LogRhythm attempts to stop breaches by turning disconnected data and signals into trustworthy insight, while Exabeam delivers AI-based security.
“Together, our expertise and shared strategic vision will accelerate innovative AI-driven cybersecurity solutions for customers around the world,” said Chris O’Malley, CEO of LogRhythm. “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. Vigilant CISOs have eagerly awaited the emergence of a strong, customer-obsessed, singularly-focused global leader in AI-driven security operations—one that offers a best-of-breed alternative to the frustratingly complex options on the market today. That day has arrived.”
In particular, customers will benefit from enhanced R&D investment and product innovation, as well as improved service, support coverage and access to a larger, AI-driven product portfolio, including cloud-native and on-premise options.
“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.
For LogRhythm and Exabeam partner opportunities, click here and here.
