LogRhythm acquires threat detection platform, MistNet

LogRhythm, a company powering security operations centres (SOCs), has announced it has acquired MistNet, a cloud-based analytics platform that delivers vast network visibility and accurate threat detection. The acquisition will allow LogRhythm to deliver intelligent, Machine Learning-based detection and response capabilities that incorporate network detection, user and entity behaviour analytics (UEBA), endpoint detection and response data (EDR) and additional MITRE ATT&CK detections to solve current and emerging security and risk problems.

The Network Traffic Analysis (NTA)/Network Detection and Response (NDR) market is approximately US$1.5 billion and will grow at 17% compound annual growth rate between 2020 and 2026, according to Global Market Insights. As organisations seek to simplify, optimise and extend their detection and response capabilities, they look to vendors to provide more holistic services, which is fuelling the consolidation trend among NDR, EDR, UEBA and security and event management (SIEM) solutions.

“I am thrilled to announce the acquisition of MistNet. Its solution will facilitate our goal of addressing current and emerging endpoint security needs for our global customers and partners,” said Mark Logan, President and CEO of LogRhythm. “MistNet complements our existing SIEM platform by enhancing deep network visibility, behaviour analytics and threat detection capabilities and will accelerate LogRhythm’s reach into the XDR market.”