Thoma Bravo-Owned LogRhythm Announces Merger With Rival Exabeam
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Summary
LogRhythm, owned by private equity firm Thoma Bravo, has announced a merger with its SIEM market competitor Exabeam. Financial details were not disclosed, but Exabeam's latest valuation was $2.5 billion. The merger aims to leverage complementary strengths in AI-driven threat detection, investigation, and response, offering enhanced R&D, product innovation, and expanded support. Exabeam provides a SIEM platform known for its behavioral analytics and automated threat response capabilities. The deal is anticipated to close in Q3 2024, pending regulatory approvals.
