Exabeam and LogRhythm have completed their merger and announced details of the new company .
They will offer their clients the best AI (Artificial Intelligence) powered security operations platform , enhanced with high – integrity data acquisition .
Exabeam, an industry leader in AI and automation services, and LogRhythm, known for its high-integrity, reliable data acquisition, have announced the successful merger of two companies. This merger, a strategic step that will shape the future of cybersecurity and accelerate threat detection, investigation, and response (TDIR) processes, aims to create an AI-powered security operations platform that combines unparalleled technological innovation with reliable data, offering the most efficient and accurate security incident management (SIEM) and user-entity behavior analytics (UEBA) solutions in the industry.
LogRhythm will leverage the strengths of both organizations to create the best cybersecurity provider, empowering security analysts, security engineers, and Chief Information Security Officers (CISOs) with the tools, intelligence, and guidance needed to protect against cyber threats. The company will retain the Exabeam name and honor the legacy of the LogRhythm brand by renewing its visual branding to represent the merger of two industry leaders.
Exabeam also unveiled its roadmap and strategy, highlighting its proven cloud-based, AI-powered ‘Exabeam Security Operations Platform,’ which will form the foundation of its future products. On-premises LogRhythm SIEM customers will benefit from the powerful analytics capabilities offered through the Exabeam platform to combat complex and identity-based attacks. The company will continue to provide quarterly updates to its cloud-based and on-premises SIEM products, as promised since July 2022. This strategy aims to streamline security operations by integrating AI-powered automation with reliable data, accelerating TDIR processes, and empowering security teams to focus on mitigating complex threats quickly and effectively.
Exabeam CEO Christopher O’Malley stated , “We are on the verge of a revolutionary shift in cybersecurity. By combining Exabeam’s seamless AI-powered technology with LogRhythm’s unparalleled data integrity, we are setting a new and unparalleled standard in security operations. Our expertise, speed of innovation, and vision will take AI-powered cybersecurity solutions to new heights. Unlike tech giants that leave their customers exposed in the critical fight against cyberattacks, our focus is on empowering the true heroes of security. In security operations, ‘good enough’ is not enough. Today, we are proud to deliver the best SIEM and UEBA experience, focused on customer success.”
“By combining expertise from both organizations, we are enhancing our ability to deliver value to the customer quickly. The Exabeam Security Operations Platform offers a comprehensive, core solution adaptable to every business and line of operation, whether leveraging cloud infrastructure or adopting a hybrid or on-premises model,” said Steve Wilson, Exabeam’s CPO (Chief Product Officer). He continued, “By empowering LogRhythm SIEM with Exabeam’s new AI-powered features like UEBA and Exabeam Copilot, we will deliver incredible value to existing LogRhythm customers. Both new and existing Exabeam customers can expect us to continue innovating while optimizing our product, training, and service synergies. Our team will continue to address the evolving threats that have emerged with the introduction of AI, making our customers’ security operations teams more efficient and effective.”
Chip Virnig, a partner at Thoma Bravo, also commented on the merger: “We see great opportunities in the TDIR, SIEM, and UEBA spaces. LogRhythm and Exabeam are better positioned to capture the growing market by offering their customers the comprehensive solutions they need to protect against constantly evolving cyber threats. We look forward to Exabeam’s continued growth and innovation, coupled with LogRhythm’s unparalleled AI-powered security operations platform and its loyal global customer base.”
In the merger process, Exabeam was advised by JP Morgan Securities LLC as special financial counsel and Goodwin Procter LLP as legal counsel. LogRhythm was advised by Kirkland & Ellis LLP as legal counsel.
To learn more about the organization’s future plans, you can visit Exabeam CEO Christopher O’Malley’s blog here .
Leadership Team
The new leadership team will consist of experienced executives from both companies. They will guide Exabeam’s strategic direction and operational excellence.
- Christopher O’Malley , CEO
- Steve Wilson, Chief Product Officer (CPO)
- Kevin Kirkwood, CISO
- Allwyn “Olly” Lobo, Chief Development Officer (CDO – Cloud-native SIEM)
- David Rizzo, (CDO – Self-managed SIEM)
- Barry Capoot, (CFO)
- Joanne Wong, (CMO)
- Matt Sarafian, Chief People Officer (CPO)
- Chris Cesio, Chief Revenue Officer (CRO)
- Peter Harteveld, Chief Value Creation Officer (CVRO)
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