LogRhyth and Exabeam united: a new era of AI and SIEM collaboration

Two well-known cybersecurity companies, LogRhythm and Exabeamannounced their intention to merge that creates new opportunities for the development of AI-driven security systems. This association brings together innovation leaders in the following areas SIEM (Security Information and Event Management) and UEBA (User and Entity Behaviour Analytics), which have a long history of effective work in detecting, investigating and responding to threats.

Strategic vision and innovation

“By combining our efforts, we will strengthen innovative AI solutions for cybersecurity around the world.” said Chris O’Malley, CEO of LogRhythm. “With over twenty years of experience at the top of the SIEM and UEBA industry and thousands of customers worldwide, we are poised to create an organisation that embodies the best of both companies.”

The merger will allow the companies to strengthen investments in research and development, improve customer service, and expand access to a broader portfolio of AI-powered products, including solutions for cloud and on-premises systems.

The future of cybersecurity

“As a combined organisation, we will continue to drive innovation in security operations by integrating AI, automation, SIEM, security analytics and UEBA for a comprehensive approach to combating cyber threats.” said Adam Geller, CEO of Exabeam. “AI and cloud computing are key market disruptors, and we look forward to advancing our shared ambitions to protect customers.”

The merger is expected to close in the third quarter of 2024 and is subject to regulatory approvals and customary closing conditions.

J.P. Morgan Securities LLC acted as exclusive financial advisor to Exabeam, and Kirkland & Ellis LLP acted as legal advisor to LogRhythm.

This merger promises to be a significant step in shaping the future of cybersecurity, providing companies with new tools to protect themselves in the face of ever-increasing threats in the digital world.

iIT Distribution is the official distributor of LogRhythm, provides distribution and promotion of solutions in Ukraine, Kazakhstan, Uzbekistan, Estonia, Georgia, Azerbaijan, Kyrgyzstan, Moldova, Armenia, and Tajikistan, as well as professional support for their design and implementation.