LogPoint Buying SecBI to 'Take Automation to the Next Level'

Cybersecurity provider LogPoint is bolstering its automation capabilities with the purchase of SecBI.

The companies announced the deal on Wednesday. LogPoint didn’t say how much it is paying for SecBI. The transaction will establish SecBI as LogPoint Israel. In the meantime, SecBI’s security orchestration, automation and response (SOAR) and extended detection and response (XDR) platform will integrate with LogPoint’s technology.

LogPoint provides security information and event management (SIEM) tools that help security operation centers (SOCs) stay abreast of cyberthreats. LogPoint teams with partners using a four-tier channel program. It also works with MSSPs.

LogPoint’s Jesper Zerlang

“Combining SecBI with LogPoint SIEM and UEBA will immediately drive tremendous value to our current and future customers. As organizations 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,” LogPoint CEO Jesper Zerlang said. “This integration will allow customers to quickly launch automated notifications and security remediations using our full-native SOAR capabilities. This is a major step forward in delivering our XDR-enabled operations platform, giving our partners and customers one of the most innovative, intuitive, and proven solutions available.”

International Acquisition

LogPoint bases its operations out of Copenhagen, Denmark, and SecBI owns a headquarters in Tel Aviv, Israel.

SecBI’s Gilad Peleg

“We are excited to join LogPoint and integrate seamlessly to further extend the company’s foundational cybersecurity solution. With the inclusion of the SecBI technology, LogPoint takes automation to the next level to address the challenges organizations and cybersecurity analysts are facing in responding rapidly to an exponentially rising number of incidents,” SecBI CEO Gilad Peleg said.

The companies say the deal will likely close by the end of the third quarter, pending approvals.