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Stock impact report

Thoma Bravo's LogRhythm merges with Exabeam in more cybersecurity consolidation [TechCrunch]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: TechCrunch
Exabeam , a rival cybersecurity company backed by the likes of Cisco and Lightspeed Venture Partners. SIEM is the business of using real-time data gleaned from servers, network devices, and applications to flag abnormal activity and thwart potential security threats before they escalate. Consolidation in the space is rife. The LogRhythm and Exabeam merger news arrived on the same day as Palo Alto Networks confirmed it was acquiring the assets of IBM's SIEM business, QRadar, which IBM itself had acquired in 2011 . It also follows Cisco's $28 billion megadeal to procure SIEM giant Splunk, a deal that closed in March More broadly, the cybersecurity space is awash with M&A activity: earlier this month, Akamai revealed it was acquiring API security company Noname for $450 million; Permira bought a majority stake in digital fraud detection startup BioCatch at a $1.3 billion valuation; and Thoma Bravo reared its head again to take cybersecurity company Darktrace private in a $5 billion d Show less Read more
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