Cybersecurity Funding

PE Firm Thoma Bravo Buys Majority Stake in LogRhythm

Private equity firm Thoma Bravo announced on Thursday that it will acquire a majority interest in Security Information and Event Management (SIEM) solutions vendor LogRhythm.

Mike Lennon

May 31, 2018

Private equity firm Thoma Bravo announced on Thursday that it will acquire a majority interest in Security Information and Event Management (SIEM) solutions vendor LogRhythm.

Terms of the deal, which is expected to close in Q3 2018, were not disclosed.

Founded in 2003, LogRhythm is veteran security firm that has raised more than $110 Million in funding, and has more than 2,500 customers around the world that use its platform that combines traditional SIEM capabilities with user and entity behavior analytics (UEBA).

“Thoma Bravo has long admired the work of Andy, Chris, Phil Villella and the entire LogRhythm team,” said Seth Boro, a managing partner at Thoma Bravo. “The company’s impressive track record of growth shows the continued demand for LogRhythm’s differentiated offerings. With Thoma Bravo’s investment, we look to further accelerate product innovation and drive continued customer success.”

Thoma Bravo has made several large investments in the cybersecurity space over the years. Its portfolio of investments include SonicWall, SailPoint, Hyland Software, Deltek, Blue Coat Systems, Imprivata, Bomgar, Barracuda Networks, Compuware and SolarWinds.

Written By Mike Lennon

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.

Latest News

Click to comment

Mapping Threat Intelligence to the NIST Compliance Framework Part 2

How threat intelligence is critical when justifying budget for GRC personnel, and for threat intelligence, incident response, security operations and CISO buyers.

Landon Winkelvoss

Password Dependency: How to Break the Cycle

Hackers rarely hack in anymore. They log in using stolen, weak, default, or otherwise compromised credentials. That’s why it’s so critical to break the password dependency cycle. But how can this be done?

Torsten George

Why CISOs Make Great Board Members

Cybersecurity-related risk is a top concern, so boards need to know they have the proper oversight in place. Even as first-timers, successful CISOs make for successful board members.

Galina Antova

A Change in Mindset: From a Threat-based to Risk-based Approach to Security

A threat-based approach to security often focuses on a checklist to meet industry requirements but overlooked the key component of security: reducing risk.

Marie Hattar

Secrets to a Good Security Webinar or Conference Presentation

Tips for making a presentation that will help improve the state of security programs and reflect favorably on the presenters and their companies

Joshua Goldfarb

Application Security

Source Code Security Firm Cycode Launches With $4.6 Million in Funding

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Eduard KovacsSeptember 24, 2019