LogRhythm merges with Exabeam to enhance SIEM & SOAR solutions. | CybSec Wizard

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TLDR:

LogRhythm and Exabeam are merging to create a powerful force in the security operations and analytics market.
The merger will combine LogRhythm’s SIEM and SOAR capabilities with Exabeam’s UEBA and security analytics solutions.

LogRhythm and Exabeam, two leading cybersecurity companies, have announced their intent to merge in a transformative deal. LogRhythm offers comprehensive security operations capabilities like SIEM, SOAR, and security analytics, while Exabeam focuses on UEBA and security analytics. The merger aims to create a comprehensive security operations platform with enhanced detection, investigation, and response capabilities to address the evolving threat landscape.

The CEOs of both companies expressed excitement about the merger, emphasizing the joint vision of delivering advanced security operations solutions. The combined company plans to leverage AI and cloud technologies to enhance cybersecurity capabilities. The merger is expected to close in the third quarter of 2024, with a new brand and corporate identity to be announced later. Executives from both businesses will lead the merged company, drawing on their expertise in the cybersecurity sector.

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Adrian Johnson

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