Thoma Bravo’s LogRhythm merges with Exabeam in more cybersecurity consolidation

Thoma Bravo announced a merger between its SIEM portfolio company LogRhythm and rival Exabeam, highlighting continued consolidation in cybersecurity alongside deals such as Palo Alto Networks acquiring IBM’s QRadar assets and Cisco’s acquisition of Splunk. The combined entity aims to advance AI-driven security operations, with the merger expected to close in Q3 2024, amid additional sector activity involving Akamai, Permira, Darktrace, and Wiz’s fundraising for acquisitions.