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M&A
LogRhythm to merge with Exabeam to consolidate SIEM
Next-gen Cybersecurity
May 15, 2024
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Next-gen Cybersecurity

Next-gen Cybersecurity

May 15, 2024

LogRhythm to merge with Exabeam to consolidate SIEM

M&A

  • LogRhythm, the Thoma Bravo-owned security information and event management (SIEM) platform, has announced a planned merger with rival SIEM and extended detection response (XDR) provider Exabeam.

  • Though financial details of the deal were not disclosed, Exabeam was most recently valued at USD 2.5 billion.

  • The companies say this merger will bring together advanced technologies in the threat detection, investigation, and response (TDIR) segment while providing customers with enhanced R&D, product innovation, expanded services and support coverage, and access to a larger AI driven product portfolio.

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