5. Thoma Bravo Acquires Majority Stake In LogRhythm
Purchase Price: Not Disclosed
Thoma Bravo in July purchased a majority stake in LogRhythm to accelerate the company's operational and product development roadmap.
The Boulder, Colorado-based security information and event management (SIEM) vendor said it was impressed by Chicago-based Thoma Bravo's cybersecurity domain expertise and track record of helping companies drive growth and innovation.
LogRhythm plans to use proceeds from the deal to continue building out tools that enable channel partners to deliver managed services in a cost-effective manner. From a technology standpoint, LogRhythm hopes to further differentiate from competitors through investments in its core SIEM platform as well as adjacent technologies like user and entity behavior analytics (UEBA).