LogRhythm and Exabeam, leaders in global cybersecurity and AI-driven security operations, have announced their merger. This new entity will combine their strengths to enhance AI-driven security solutions worldwide. Chris O’Malley, CEO of LogRhythm, highlighted that the merger will result in an innovative, customer-focused leader in the field, offering simpler, top-tier alternatives to current complex market options.
The merger promises increased R&D, improved service and support, and a broader range of AI-driven products, including cloud and on-premises solutions. Adam Geller, CEO of Exabeam, emphasized the commitment to advancing security operations with AI, automation, and analytics to better address cyberthreats and enhance cybersecurity capabilities.
The merger, expected to conclude in Q3 2024, awaits regulatory and standard closing approvals. J.P. Morgan Securities LLC and Goodwin Procter LLP advised Exabeam, while Kirkland & Ellis LLP advised LogRhythm on the transaction.
