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 2.0, 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 2.0 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 2.0 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 2.0 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 2.0 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 2.0 security intelligence platform. LogRhythm gives us the awareness, automation and response capabilities we need to meet these ever changing threats with confidence.”
LogRhythm is a world leader in NextGen SIEM, empowering organizations on six continents to successfully reduce risk by rapidly detecting, responding to and neutralizing damaging cyberthreats. The LogRhythm platform combines user and entity behavior analytics (UEBA), network traffic and behavior analytics (NTBA) and security automation & orchestration (SAO) in a single end-to-end solution. LogRhythm’s Threat Lifecycle Management (TLM) workflow serves as the foundation for the AI-enabled Security Operations Center (SOC), helping customers measurably secure their cloud, physical and virtual infrastructures for both IT and OT environments. Built for security professionals by security professionals, the LogRhythm platform has won many accolades, including being positioned as a Leader in Gartner’s SIEM Magic Quadrant.