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LogRhythm, Inc. is a global security intelligence company that specializes in Security Information and Event Management (SIEM), log management, network monitoring, user behavior and security analytics. Headquartered in Boulder, Colorado, LogRhythm operates in North and South America, Europe, India, the Middle East, Turkey, Africa, and the Asia Pacific region.[1]
 | |
| Company type | Privately held company |
|---|---|
| Industry | Technology (software) |
| Founded | 2003 |
| Headquarters | Boulder, Colorado, US |
Key people | Christopher O'Malley, President & CEO Phillip Villella, Chief Scientist and Co-Founder Chris Petersen, Co-Founder |
| Products | Security Information and Event Management (SIEM), Cyber Threat Defense |
| Website | logrhythm.com |
The company was founded in 2003[2] by Chris Petersen and Phillip Villella, based in Washington D.C, and initially known as Security Conscious, Inc. In 2005, it rebranded as LogRhythm and relocated to Boulder, Colorado. LogRhythm provides self-hosted and cloud-native SIEM Platforms to provide assistance with monitoring, detecting, investigating and responding to cybersecurity threats.
In May 2018, the private equity firm Thoma Bravo announced that it was going to acquire a majority interest in LogRhythm.[3] The transaction was completed in Jul-2018; financial details were not released.[4]
In 2019, LogRhythm released a Software as a Service (SaaS) version of their SIEM Platform, LogRhythm Cloud.[5]
In 2022, LogRhythm launched LogRhythm Axon, a new, cloud-native SIEM platform.[6]
In May 2024, LogRhythm announced the planned merger with SIEM vendor Exabeam; while the financial terms were not announced, Exabeam's most recent valuation was $2.5 billion.[7] The merger was finalized in July 2024, with Christopher O'Malley, former CEO of LogRhythm, named as the CEO of the newly combined company operating under the Exabeam name.[8]
See also
editReferences
edit- ^ "About Logrhythm". Logrhythm.com. 2020 Logrhythm, Inc. Retrieved 21 May 2020.
- ^ "Our Story". LogRhythm. Retrieved 2022-04-27.
- ^ "PE Firm Thoma Bravo Buys Majority Stake in LogRhythm". SecurityWeek. 2018-05-31. Retrieved 2024-05-16.
- ^ "Thoma Bravo Completes Majority Investment in LogRhythm" (Press release). San Francisco, CA and Boulder, CO: PR Newswire. Hiltzik Strategies. 2018-07-02. Retrieved 2024-05-16.
- ^ "LogRhythm launches a cloud-based version of its NextGen SIEM Platform". 16 May 2019.
- ^ "LogRhythm Introduces Ground-breaking cloud-native security operations platform". Business Wire. 3 October 2022.
- ^ Naraine, Ryan (2024-05-15). "Thoma Bravo-Owned LogRhythm Announces Merger With Rival Exabeam". SecurityWeek. Retrieved 2024-05-16.
- ^ Riley, Duncan (2024-07-17). "Enhanced R&D and service in focus as Exabeam and LogRhythm finalize merger". SiliconANGLE. Retrieved 2024-08-28.