Analyst Coverage: Fran Howarth
LogRhythm was founded in 2003 and it has a strong heritage in the SIEM and log management markets. It has its headquarters in Boulder in Colorado and has a presence worldwide, including regional headquarters in Maidenhead in the UK and Singapore. It has been in the hands of private equity investment firm Thoma Bravo since 2018.
Over the years, it has built out its capabilities to provide a range of offerings for organisations to optimise SOC operations. These include SOAR for effective incident response, UEBA for contextual analysis, threat detection and compliance. This platform embraces a zero-trust security model so customers can improve their security posture across their operation. In 2019, it began to offer cloud-based SIEM, hosted and managed by LogRhythm in the cloud.
In 2021, LogRhythm acquired MistNet NDR to broaden out its capabilities further in threat detection and response. It has now built its NDR capabilities into a ful-fledged solution, integrated into its platform.
The most recent development is the release of its Axon cloud-native SaaS platform for security operations enablement. This is an entirely new offering, built from the ground up. It answers much of organisations’ needs for more effective detection and response, containing all the necessary components. It is optimised for the needs of analysts, providing automated visibility into all cloud and self-hosted environments. Its capabilities enable analysts to easily identify, analyse and remediate potential threats.
The platform provides contextual analysis across huge, diverse sets of data, enabling customers to gain insights into their security environments very quickly. This reduces complexity and provides greater efficiency in order to better achieve their objectives. It is easy to set up and intuitive to use, providing immediate value. LogRhythm offers advisory services and professional services for customisation.