Security firms LogRhythm and Exabeam merge, creating the 4th largest SIEM vendor by revenue.

Security firms LogRhythm and Exabeam plan to merge, creating the 4th largest SIEM vendor by revenue. The deal, set to close in Q3, combines their AI-driven security solutions to enhance research, development, product innovation, and service/support coverage. The merger comes after Cisco's acquisition of Splunk and the rise of XDR platforms, aiming to offer a best-of-breed alternative with improved logging, analytics, and search capabilities for SOC teams.

May 15, 2024
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