TechCrunch Startup News Thoma Bravo’s LogRhythm merges with Exabeam in more cybersecurity consolidation
May 20, 2024
Thoma Bravo has orchestrated a major merger between LogRhythm and Exabeam, shaking up the cybersecurity landscape. The discussion delves into what Security Information and Event Management (SIEM) technology entails and its importance in identifying unusual activities in systems. Recent market consolidation trends are highlighted, including significant M&A deals within the sector. Insights into funding histories and valuation challenges faced by Exabeam add depth, while the increasing role of AI in security operations promises a tech-driven future.
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Thoma Bravo Combines LogRhythm And Exabeam
- Thoma Bravo will merge its LogRhythm business with Exabeam, folding two SIEM rivals together.
- LogRhythm was majority-acquired by Thoma Bravo in 2018 after raising about $126 million.
Rapid Consolidation In SIEM Market
- SIEM vendor consolidation is accelerating as private equity and large tech buyers pile in.
- Multiple simultaneous deals show buyers seek scale and AI capabilities to simplify complex security stacks.
Big Players Are Buying SIEM Assets Fast
- Large vendors and PE firms are buying SIEM assets simultaneously, reshaping vendor landscape.
- Deals by Palo Alto, Cisco (Splunk), and Thoma Bravo reflect a race for market share and capabilities.