Danish company LogPoint plans to acquire Tel Aviv-based cybersecurity company SecBI. This acquisition aims to further expand LogPoint’s capacity by adding playbook-based automation to accelerate the detection and response to cyber threats. SecBI’s universal SOAR and XDR platform will be natively integrated into LogPoint and will continue to fulfill the company’s mandate to drive innovation in the field of cybersecurity.
“The combination of SecBI with LogPoint SIEM and UEBA will immediately offer our current and future customers enormous added value,” explains Jesper Zerlang, CEO of LogPoint. “This integration will enable customers to quickly introduce automated alarms and security remedies over the full-fledged SOAR capabilities. This is an important step forward in creating an XDR-enabled security operations platform that provides one of the most innovative, intuitive and sophisticated solutions available to our partners and customers. This gives us a foothold in Israel and will fully integrate the SecBI technology in our new version 7 in December. We want to approach SAP and medium-sized customers with the combined offer “
The acquisition will allow customers to reduce false positives and introduce automatic incident response. Together, these complementary platforms will automate repetitive tasks, orchestrate workflows to eliminate threats, and autonomously examine, prioritize, and execute playbooks to reduce the number of manual steps. This allows analysts to focus on real threats and better protect companies.
“We are pleased to be able to join and seamlessly integrate LogPoint to further expand the company’s basic cybersecurity solution,” said Gilad Peleg, SecBI CEO. “With the integration of SecBI technology, LogPoint takes automation to the next level to address the challenges businesses and cybersecurity analysts face in responding quickly to an exponentially increasing number of incidents.”
The acquisition is subject to customary legal requirements and approvals and is expected to be completed by the end of the third quarter of 2021. After completion of the takeover, SecBI will be integrated into the LogPoint organization as LogPoint Israel and will remain in Tel Aviv. While the companies have declined to release financial details, most SecBI owners, 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 just the right combination of technology, human capital and growth potential,” said Yoav Tzruya, General Partner at Jerusalem Venture Partners. “The merger of the Israeli cybersecurity expertise with the international LogPoint organization holds enormous potential for customers all over the world. We look forward to working with Jesper and his team to build an industry leader. “