LogRhythm, Exabeam to advance AI-enabled security operations

Monday 20 May 2024 11:07 CET | News

US-based LogRhythm has entered a merger agreement with Exabeam, a worldwide cybersecurity company that provides AI-enabled security operations. 

By combining their complementary capabilities, LogRhythm and Exabeam intend to advance AI-enabled security operations, offering customers effective threat detection, investigation, and response (TDIR). LogRhythm supports security teams in mitigating breaches by turning disconnected data and signals into available insights. On the other hand, Exabeam offers AI-driven security operations, with the company being one of the first to integrate AI and machine learning in its products to deliver behavioural analytics in addition to security information and event management (SIEM).

US-based LogRhytm has entered a merger agreement with Exabeam, a worldwide cybersecurity company that provides AI-enabled security operations.

LogRhythm – Exabeam merger objectives 

According to LogRhythm’s officials, the combination of the two companies’ expertise and shared strategic vision is set to accelerate AI-driven cybersecurity solutions for customers globally.  Considering their knowledge of SIEM and UEVA, LogRhythm and Exabeam intend to develop a new employee-inspired organisation that includes both their services. In addition, customers are set to receive improved R&D investments and product innovation, enhanced service and support coverage, and access to a larger AI-driven product portfolio, including cloud-native and on-premises options.

Furthermore, representatives from Exabeam underlined that, by combining their organisations, the two companies aim to continue to advance security operations developments with solutions that merge AI, automation, SIEM, security analytics, and UEBA to combat cyber threats. As AI and cloud services have a strong position in the market, Exabeam and LogRhythm intend to collectively address the requirements of their joint prospects and customers to further improve their cybersecurity TDIR capabilities.

Additionally, the merger is set to close in the third quarter of 2024, with it currently being subject to regulatory approvals and customary closing conditions.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: merger, acquisition, cybersecurity, online security, artificial intelligence, machine learning
Categories: Fraud & Financial Crime
Companies: Exabeam, LogRhythm
Countries: United States
This article is part of category

Fraud & Financial Crime




Discover all the Company news on Exabeam and other articles related to Exabeam in The Paypers News, Reports, and insights on the payments and fintech industry: