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Thoma Bravo agreed to acquire a majority interest in cybersecurity company LogRhythm in 2018 and confirmed the investment had closed on July 2 of that year. The firms did not disclose the purchase price or the precise ownership percentage, so the deal’s dollar value cannot be established from their announcements.
When did Thoma Bravo acquire LogRhythm?
Thoma Bravo announced the agreement on May 31, 2018, describing it as an acquisition of a majority interest in LogRhythm. The release said the transaction was expected to close in the third quarter of 2018, subject to customary closing conditions and regulatory approvals. Thoma Bravo’s announcement
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Cybersecurity Word Cloud Hacker Computer Coders Programmer Hardcover Journal, Black | $16.99 | Buy on Amazon |
On July 2, 2018, Thoma Bravo announced that the investment had been completed and that it had become LogRhythm’s majority investor. The completion announcement
| Milestone | Date and detail |
|---|---|
| Agreement announced | May 31, 2018; planned Q3 closing, subject to customary conditions and regulatory approvals. |
| Investment completed | July 2, 2018; Thoma Bravo confirmed it had become the majority investor. |
How much did Thoma Bravo pay?
The May 2018 announcement and July completion release did not disclose financial terms. Neither an exact purchase price nor an ownership percentage is established by those releases. Claims assigning a dollar value or a specific stake to the transaction would go beyond what the parties published.
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What did LogRhythm do?
LogRhythm provided enterprise security information and event management (SIEM) software. In its 2018 announcement, the company described its platform as combining SIEM, user and entity behavior analytics (UEBA), network traffic and behavior analytics, and security automation and orchestration. That product description is the company’s characterization at the time of the deal.
The same release reported that LogRhythm served more than 2,500 enterprise customers worldwide and had been positioned as a Leader in Gartner’s SIEM Magic Quadrant for six consecutive years. These were company-reported claims in 2018, not current customer figures or independently verified assessments here. The 2018 release
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What did the parties say the investment would do?
LogRhythm’s then-chairman, president and CEO Andy Grolnick said, “LogRhythm believes it has found an ideal partner in Thoma Bravo.” Thoma Bravo managing partner Seth Boro said the firm looked to “further accelerate product innovation and drive continued customer success.” Both comments were statements by parties to the transaction; they describe their stated expectations, not demonstrated outcomes.
What happened to LogRhythm afterward?
Thoma Bravo reported that LogRhythm and Exabeam completed a merger on July 17, 2024, and that the combined company retained the Exabeam name. Thoma Bravo’s merger announcement This later corporate change does not, by itself, establish product availability or how customers’ services or accounts were handled.
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