LogPoint announced the acquisition of Tel Aviv-based SecBI, a disruptive player in automated detection and response to cyber threats. This acquisition will further expand LogPoint’s capabilities by adding playbook-based automation that accelerates detection and response to cyber threats. SecBI’s universal SOAR and XDR platform will natively integrate with LogPoint and further fulfill the company’s mission to revolutionize customer cyber resiliency by simplifying the tough work of security operations through innovation.
“The combination of SecBI with LogPoint SIEM and UEBA will immediately add tremendous value to our current and future customers. As businesses large and small face the most critical cyber threats, security teams need solutions that will help them be more effective and efficient in protecting their organization, ”said Jesper Zerlang, CEO of LogPoint . “This integration will allow customers to quickly initiate automated notifications and security fixes using our native SOAR capabilities. This is a big step forward in the delivery of our XDR operating platform, providing our partners and customers with one of the most innovative, intuitive and proven solutions available. “
With the rapid integration of SecBI SOAR and XDR technologies, LogPoint will take another step forward in solving the complex cybersecurity challenges facing SOCs today. The acquisition will allow customers to eliminate false positives and automate incident response. Together, these comprehensive and complementary platforms will automate repetitive tasks, orchestrate threat remediation workflows, and autonomously investigate, prioritize and execute playbooks that reduce human involvement, allowing analysts to focus on real threats to better protect organizations.
“We are excited to join LogPoint and seamlessly integrate it to further extend the company’s core cybersecurity solution,” said Gilad Peleg, CEO of SecBI. “With the inclusion of SecBI technology, LogPoint takes automation to the next level to address the challenges that organizations and cybersecurity analysts face in responding quickly to an exponentially growing number of incidents. “
The acquisition is subject to legal requirements and customary approvals and is expected to be finalized by the end of the third quarter of 2021. Upon completion, SecBI will integrate into the LogPoint organization as LogPoint Israel and remain at Tel Aviv. While the parties have declined to disclose financial details, most of the owners of SecBI, including lead investor Jerusalem Venture Partners, will become shareholders of LogPoint, joining existing investors Digital + Partners and Evolution Equity Partners.
“The combination of LogPoint technology with SecBI XDR and SOAR, creates an end-to-end cybersecurity powerhouse that has exactly the right mix of technology, human capital and growth potential,” said Yoav Tzruya, general partner at Jerusalem Venture Partners. “The merging of Israeli cybersecurity expertise with the international organization LogPoint represents enormous potential for customers around the world. We look forward to working with Jesper and his team to create a Category Leader. “