LogRhythm has entered into a merger agreement with cybersecurity company Exabeam. The two US-based companies announced the merger on May 15, 2024.
The combined company will leverage each organisation’s complementary strengths. Customers will benefit from enhanced R&D investments and product innovation, greater service and support coverage and access to a larger AI-driven product portfolio, including cloud-native and on-premises options.
“Together, our expertise and shared strategic vision will accelerate innovative AI-driven cybersecurity solutions for customers worldwide,” said LogRhythm CEO Chris O’Malley.
“As a combined organisation, we will continue to push the envelope of security operations innovation with solutions that bring AI, automation, SIEM, security analytics, and UEBA together to deliver a holistic approach to combating cyberthreats,” said Exabeam CEO Adam Geller. “With AI and cloud as driving forces that can’t be ignored in the market, we look forward to collectively addressing the needs of our joint prospects and customers to further enhance their cybersecurity TDIR capabilities.”
The merger is expected to close in the third quarter of 2024 and is subject to regulatory approvals and customary closing conditions.
