In a strategic move set to define the future of the
cybersecurity landscape, Exabeam and LogRhythm announced the successful completion of their previously
announced merger. The merger combines unparalleled technological
innovation with reliable data to create an AI-driven security operations
platform that delivers the most efficient and accurate security
information and event management (SIEM) and user and entity behavior
analytics (UEBA) solutions in the industry.
Moving forward, the company will leverage the best of both
organizations to create a best-of-breed cybersecurity vendor
relentlessly focused on empowering security analysts, security
engineers, and CISOs with the tools, intelligence, and guidance needed
to safeguard their organizations against cyberthreats. The company will
retain the Exabeam name and refresh the visual brand to represent the
merging of two industry leaders and honor the legacy of the
long-established LogRhythm brand.
Exabeam has also unveiled its product roadmap and strategy,
highlighting the proven, cloud-native AI-driven Exabeam Security
Operations Platform that will serve as the foundation of its future
product offerings. On-premises LogRhythm SIEM customers will benefit
from the powerful analytics offered through the Exabeam platform to
combat sophisticated and credential-based attacks. The company remains
committed to quarterly launches to its cloud-native and on-premises SIEM
offerings as demonstrated by LogRhythm since July 2022. By integrating
AI-driven automation with reliable data, this strategy aims to
streamline security operations and accelerate TDIR, empowering security
teams to focus on quickly and effectively mitigating complex threats.
Leadership Team
The new leadership team, composed of experienced executives
from both companies, will drive Exabeam's strategic direction and
operational excellence:
Christopher O'Malley - Chief Executive Officer
Steve Wilson - Chief Product Officer
Kevin Kirkwood - Chief Information Security Officer
Allwyn "Olly" Lobo - Chief Development Officer (Cloud-native SIEM)
David Rizzo - Chief Development Officer (Self-managed SIEM)
Barry Capoot - Chief Financial Officer
Joanne Wong - Chief Marketing Officer
Matt Sarafian - Chief People Officer
Chris Cesio - Chief Revenue Officer
Peter Harteveld - Chief Value Creation Officer
"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 O'Malley, CEO
of Exabeam. "Together, our combined expertise, innovation velocity, and
vision will propel AI-driven cybersecurity solutions to new heights.
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."
"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
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."