Devo Technology, a Cambridge, MA-based cloud-native logging and security analytics company, acquired LogicHub, a Mountain View CA-based security orchestration, automation, and response (SOAR) provider.
The amount of the deal was not disclosed.
The acquisition brings LogicHub’s technology to the Devo Platform to realize the complete stack of capabilities needed to deliver the autonomous SOC, which aims to improve how security professionals work by providing complete visibility, automation, analytics, and access to the latest community expertise and content. Devo Technology will be enable organizations to go beyond what the typical SOAR’s decision support capabilities with LogicHub’s patented decision automation technology.
Led by CEO Kumar Saurabh, who will join Devo as Vice President, SOAR Strategy and Innovation, LogicHub delivers intelligent automation-driven extended detection and response solutions that fit any customer’s requirements. LogicHub automates the tedious manual workflows facing security teams and guides them to focus only on the threats that require attention—accelerating incident response across the entire threat lifecycle. Additionally, LogicHub’s AI tech AuDRA (Autonomous Detection and Response Assistant) provides guided playbook creation assistance to security teams. AuDRA sits side-by-side with the analyst and enables no-code playbook creation, making SOAR capabilities accessible to security teams of all experience levels. The combination of LogicHub and Devo’s cloud-native logging and security analytics, SciSec-curated threat detections and autonomous investigations provides security teams with the ability to boost SOC performance without needing to augment security talent.
Also joining the Devo team from LogicHub is its co-founder and chief strategy officer, Monica Jain, who will take a senior role working with Devo’s expanded customer base worldwide, as well as Sarika Mohapatra, LogicHub’s vice president of engineering and product.
Led by CEO Marc van Zadelhoff, Devo provides a cloud-native logging and security analytics platform that releases the full potential of your data to empower bold, confident action. Headquartered in Cambridge, Massachusetts, with operations in North America, Europe and Asia-Pacific, the company is backed by Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures and Eurazeo. The acquisition extends a 12 month growth for Devo, with a $100 million funding round, surging revenue, and the acquisition of Kognos, the provider of an autonomous threat hunting solution.
FinSMEs
22/09/2022