LogRhythm Achieves Record Growth and Accelerated Adoption of SIEM Security Intelligence Platform

Rapidly Shifting Threat Landscape Fuels Demand for Next Generation SIEM and Advanced Cyber Threat Defense, Detection and Response

BOULDER, Colo.—October 12, 2011—LogRhythm, a leader in log management and SIEM, today announced record growth in sales, new customers and channel expansion, driven by accelerating demand for security intelligence to defend against, detect and respond to increasingly complex and numerous cyber threats. After tripling sales over the past two years, LogRhythm’s momentum continued into the third quarter of 2011 with sales of LogRhythm’s SIEM platform increasing 69 percent over the same period in 2010. New customer and channel partner expansion continued at an unprecedented rate, increasing the company’s SIEM footprint around the globe, making LogRhythm the world’s largest and fastest growing independent next-generation SIEM provider. LogRhythm also recently enhanced its intellectual property portfolio around its log collection, structuring and processing architecture with the issuance of another US patent (# 8,032,489 B2). Additionally, coinciding with its momentum announcement, the company launched LogRhythm 6.0 today, a major evolution to its award-winning SIEM security intelligence platform (see accompanying release, “LogRhythm 6.0 Thwarts Cyber Threats in Real Time With Target-Aware Pattern Recognition and SmartRemediation™.

“The entire hacker ecosystem has changed dramatically over the previous nine months,” said Andy Grolnick, president and CEO of LogRhythm. “Cyber threats are increasingly complex and dangerous, with more organizations being targeted, and most CISOs are shifting their attitude on potential breaches to when rather than if. LogRhythm’s SIEM security intelligence platform delivers the response capabilities necessary to address these threats head-on and the market is responding.”

LogRhythm’s customer base expanded last quarter to more than 600 organizations around the globe, ranging from mid-sized companies, regional banks, healthcare organizations and universities to large government agencies and Global 1000 corporations including AIG, Bank of the West, Dick’s Sporting Goods, Ingram Micro, Las Vegas Sands Corp., Sumitomo Trust & Banking Co., TCF Bank, UNC Healthcare, U.S. Department of Education and The U.S. Navy.

“The cyber threat landscape is changing at an accelerating pace and our customers expect us to keep their personal information safe,” said Lyndon Brown, Director of Enterprise Systems for Petco, Inc. “Yesterday’s approaches to security management just don’t cut it. That’s why we chose LogRhythm’s SIEM security intelligence platform. LogRhythm gives us the awareness, automation and response capabilities we need to meet these ever changing threats with confidence.”

About LogRhythm

LogRhythm helps security teams stop breaches by turning disconnected data and signals into trustworthy insights. From connecting the dots across diverse log and threat intelligence sources to using sophisticated machine learning that spots suspicious anomalies in network traffic and user behavior, LogRhythm accurately pinpoints cyberthreats and empowers professionals to respond with speed and efficiency.

With cloud-native and self-hosted deployment flexibility, out-of-the-box integrations, and advisory services, LogRhythm makes it easy to realize value quickly and adapt to an ever-evolving threat landscape. Together, LogRhythm and our customers confidently monitor, detect, investigate, and respond to cyberattacks. Learn more at logrhythm.com.

Comments are closed.