Thoma Bravo Acquires Majority Stake in LogRhythm
The SIEM vendor sells stake to private equity firm.
![](https://eu-images.contentstack.com/v3/assets/blt6d90778a997de1cd/bltc94608acf452fd67/655cf371ab171e040a838b2a/329050_DR23_Graphics_Website_V5_Default_Image_v1.png?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
SIEM vendor LogRhythm today announced that it has entered into an agreement for a majority stake of the company to be acquired by private equity firm Thoma Bravo. Financial details of the deal were not disclosed.
LogRhythm, a 15-year-old vendor of security information and event management systems, has more than 2,500 global customers. The purchase, expected to close in the third quarter of 2018, is intended to support future operational and product development plans.
In the statement announcing the purchase, LogRhythm's chairman, president, and CEO, Andy Grolnick, described the step as an exciting strategic step forward for the company.
Read more here.
About the Author(s)
You May Also Like
CISO Perspectives: How to make AI an Accelerator, Not a Blocker
August 20, 2024Securing Your Cloud Assets
August 27, 2024