Exabeam, the company delivering industry-leading AI and automation for accelerated threat detection, investigation, and response (TDIR), and LogRhythm, the provider of a leading security information and event management (SIEM) solution, have announced the completion of its merger. Bringing together both technology and talent, the company will retain the Exabeam name while continuing to deliver best-of-breed cybersecurity solutions.
Exabeam and LogRhythm’s merger aims to create an AI-driven security operations solution that consolidates SIEM with user and entity behavior analytics (UEBA) in a single platform. Focusing their efforts on enabling security analysts, security engineers, and CISOs to protect their enterprises against cyber threats, the new Exabeam will deliver the tools, intelligence, and guidance necessary to achieve that promise, according to the companies.
“We are on the brink of a revolutionary shift in cybersecurity. By merging cutting-edge, AI-driven technology from Exabeam with the unmatched data integrity of LogRhythm, we are setting a new, unparalleled standard for security operations,” said Christopher O’Malley, CEO of Exabeam. “Together, our combined expertise, innovation velocity, and vision will propel AI-driven cybersecurity solutions to new heights.”
The integration of Exabeam’s AI-based automation with LogRhythm’s data reliability will aid in accelerating and streamlining TDIR, enabling organizations to thwart attacks quickly and effectively, according to the companies.
“Unlike the tech conglomerates that have left customers exposed in the critical battle against cyberattacks, our unwavering focus remains on empowering the true heroes of security. ‘Good enough’ is not enough in the mission-critical matter of security operations. Today, we are proud to deliver a best-of-breed SIEM and UEBA experience purposefully and tenaciously focused on customer success,” O’Malley continued.
With the cloud-native, AI-driven Exabeam Security Operations Platform laying the groundwork for this merger to build from, upcoming products will leverage this foundation while adhering to LogRhythm’s quarterly launch pace of innovation. Existing on-prem LogRhythm SIEM customers are afforded powerful analytics offered through Exabeam, enabling them to withstand sophisticated and credential-based attacks.
“Our team is stacked with expertise from both organizations that will accelerate our ability to deliver customer value. The Exabeam Security Operations Platform offers a comprehensive, foundational solution adaptable to any business—whether leveraging cloud infrastructure, adopting a hybrid model, or staying on-premises,” said Steve Wilson, chief product officer of Exabeam. “By augmenting LogRhythm SIEM with Exabeam’s New-Scale AI-driven features, including UEBA and Exabeam Copilot, we will offer incredible new value to existing LogRhythm customers. New and existing Exabeam customers alike can look forward to continued innovation as we optimize our product, training, and service synergies. Together, our team will continue to address the ever-advancing threats created by the introduction of AI and empower our customers’ security operations teams to be more efficient and effective."
“We see tremendous opportunity within TDIR, SIEM, and UEBA and believe that together LogRhythm and Exabeam are better positioned to capture this growing market by offering their customers the comprehensive solutions they need to help protect their organizations from ever-evolving cyberthreats,” said Chip Virnig, a partner at Thoma Bravo. “We look forward to Exabeam’s continued growth and innovation, powered by the combined company’s differentiated AI-driven security operations platform and loyal global customer base.”
To learn more about Exabeam and LogRhythm’s merger, please visit https://www.exabeam.com/ or https://logrhythm.com/.