Thoma Bravo, a leading private equity investment firm, today announced that it has entered into an agreement to acquire a majority interest in LogRhythm, a leader in next-generation Security Information and Event Management (SIEM) solutions. This investment validates LogRhythm\u2019s significant history of market leadership and innovation, and the investment is expected to support LogRhythm\u2019s future operational and product development plans. The transaction is expected to close in the 3rd quarter of this year, subject to usual and customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.
\u201cLogRhythm believes it has found an ideal partner in Thoma Bravo,\u201d said Andy Grolnick, chairman, president and CEO of LogRhythm. \u201cAs we seek to take LogRhythm to the next level and extend our position as the market\u2019s preeminent NextGen SIEM vendor, we feel Thoma Bravo\u2019s cybersecurity domain expertise and track record of helping companies drive growth and innovation will make this a powerful and productive relationship. We believe this is an exciting strategic step forward for our company.\u201d<\/p>\n\n\n\n
LogRhythm is the pioneer of next-generation SIEM, providing over 2,500 enterprise customers around the world the most complete platform for end-to-end threat lifecycle management. LogRhythm’s NextGen SIEM Platform has won many accolades, including being positioned as a Leader in Gartner\u2019s SIEM Magic Quadrant for six consecutive years.<\/p>\n\n\n\n
\u201cSince 2003, LogRhythm has proven its innovation and leadership in the application of automation, analytics and artificial intelligence to solve customers\u2019 advanced threat detection and threat lifecycle management challenges, and achieve security operations workflow efficiency,\u201d said Chris Petersen, CTO, chief product officer and co-founder of LogRhythm. \u201cWe look forward to working closely with Thoma Bravo to continue our customer-centric approach to innovation, enabling enterprises across the globe to protect themselves from damaging cyberthreats.\u201d<\/p>\n\n\n\n
\u201cThoma Bravo has long admired the work of Andy, Chris, Phil Villella and the entire LogRhythm team,\u201d said Seth Boro, a managing partner at Thoma Bravo. \u201cThe company\u2019s impressive track record of growth shows the continued demand for LogRhythm\u2019s differentiated offerings. With Thoma Bravo\u2019s investment, we look to further accelerate product innovation and drive continued customer success.\u201d<\/p>\n\n\n\n
Kirkland & Ellis is serving as Thoma Bravo\u2019s legal advisor. Morgan Stanley and Cooley LLP are serving as LogRhythm\u2019s exclusive financial advisor and legal advisor, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"
Thoma Bravo, a leading private equity investment firm, today announced that it has entered into an agreement to acquire a majority interest in LogRhythm, a leader in next-generation Security Information and Event Management (SIEM) solutions. This investment validates LogRhythm\u2019s significant history of market leadership and innovation, and the investment is expected to support LogRhythm\u2019s future […]<\/p>\n","protected":false},"author":1,"featured_media":6513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-6512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/6512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/comments?post=6512"}],"version-history":[{"count":0,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/posts\/6512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media\/6513"}],"wp:attachment":[{"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/media?parent=6512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/categories?post=6512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pressreleasenetwork.com\/site\/wp-json\/wp\/v2\/tags?post=6512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}