BOULDER, Colo.--(BUSINESS WIRE)--LogRhythm, the 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.”
About LogRhythm
LogRhythm, the leader in log management and SIEM 2.0, delivers the visibility, insight and situational awareness needed for cyber threat defense, detection and response, compliance automation and assurance, and operational intelligence and optimization. LogRhythm uniquely analyzes and manages network, host, file and user activity data in a highly scalable, integrated solution. LogRhythm’s patented log management and SIEM 2.0 solution detects the previously undetectable, delivers powerful forensics and provides actionable intelligence.
In 2011, the company earned the coveted “Recommended” 5-star designation from SC Labs and has received SC Magazine’s Innovator of the Year Award, Readers Trust Award for “Best SIEM” solution and the “Best Buy” designation for Digital Forensics. LogRhythm is privately held with headquarters in Boulder, Colorado, and operations in Europe and the Asia Pacific region. For more information, visit www.logrhythm.com.