LogRhythm and Exabeam announce plan to merge

May 15: Security intelligence and analytics firm LogRhythm, owned by private equity investment firm Thoma Bravo, will merge with competitor Exabeam, a provider of AI-driven security operations. “The combined company will leverage the complementary strengths from each organization to take AI-driven security operations to new heights,” Thoma Bravo said in a statement. According to the statement, customers of both platforms “will benefit from enhanced R&D investments and product innovation, greater service and support coverage and access to a larger AI-driven product portfolio, including cloud-native and on-premises options.” Financial terms of the deal, expected to close in the third quarter of 2024, were not disclosed.

Akamai agrees to buy API security firm Noname

May 9: Cloud security firm Akamai Technologies announced its intention to buy application programming interface (API) security company Noname Security for about $450 million. Akamai said the deal will allow it to extend protection across all API traffic locations, regardless of business, integration, or deployment requirements. It expects the acquisition will allow it to offer a complete API security suite enabling customers to better discover shadow APIs and detect vulnerabilities and attacks. The deal is expected to close in the second quarter of 2024.

KnowBe4 to buy Egress

April 24: Security awareness training firm KnowBe4 has agreed to acquire Egress, an adaptive and integrated cloud email security platform. KnowBe4 said in a statement that adding the capabilities of Egress will create a single platform that aggregates threat intelligence dynamically, offering AI-based email security and training that is automatically tailored relative to risk. Financial details of the deal were not disclosed.

Flare acquires Foretrace to enhance threat exposure management capabilities

March 26: Threat exposure management provider Flare has acquired Foretrace, a US-based data exposure company for an undisclosed amount. Montréal-based Flare said the acquisition of Foretrace and its Total Recon detection engine “further broadens our capabilities for collecting emergent threat data while also deepening our expertise, ensuring that we can be in a great position to lead the way in TEM.” Foretrace founding executives Nick Ascoli and Matt Mosley will join Flare as senior product strategist and VP of Strategic Partnerships respectively.

GitLab buys Oxeye to advance app security and governance

March 20:  DevSecOps platform GitLab has acquired cloud-native application security and risk management solution Oxeye. The addition of Oxeye will accelerate its static application security testing (SAST) plans and augment GitLab’s software composition analysis and compliance tools. Oxeye’s automated cloud-native application security testing solution helps identify and resolve application-layer risks across the software development lifecycle.

Zscaler buys Avalor to add real-time AI-driven security insights and threat prevention

March 14: Cloud security company Zscaler has bought Avalor to add the capabilities of its artificial intelligence-driven Data Fabric for Security to the Zscaler Zero Trust Exchange platform. The acquisition will allow Zscaler to “more effectively identify vulnerabilities while predicting and preventing breaches,” said Zscaler CEO Jay Chaudhry. Avalor’s Data Fabric for Security ingests, normalizes, and unifies data across enterprise security and business systems to deliver actionable insights, analytics, and operational efficiencies.