Exabeam and LogRhythm Complete Merger and Announce New Company Details

BROOMFIELD, Colo. and FOSTER CITY, Calif., July 18, 2024 — In a strategic move set to define the future of the cybersecurity landscape, Exabeam, delivering industry-leading AI and automation for accelerated threat detection, investigation, and response (TDIR), and LogRhythm, renowned for its high-integrity, trusted data ingestion, have 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

Exabeam CEO Christopher O’Malley commented: “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. 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,” said Steve Wilson, Chief Product Officer of Exabeam. “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. 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.”

To learn more about the go-forward organization, read the blog from Exabeam Chief Executive Officer, Christopher O’Malley.

About Exabeam

Exabeam is a global cybersecurity leader that delivers AI-driven security operations. High-integrity data ingestion, powerful analytics, and workflow automation power the industry’s most advanced self-managed and cloud-native security operations platform for threat detection, investigation, and response (TDIR). With a history of leadership in SIEM and UEBA, and a legacy rooted in AI, Exabeam empowers global security teams to combat cyberthreats, mitigate risk, and streamline security operations. Learn more at www.exabeam.com.

Source: Exabeam