-- LogRhythm's product line depth is a significant differentiator and contributor to its market penetration leadership
MOUNTAIN VIEW, California, Aug. 26, 2014 /PRNewswire/ -- Based on its recent analysis of the security information and event management/log management (SIEM/LM) market, Frost & Sullivan recognizes LogRhythm, The Security Intelligence Company, with the 2013 Global Frost & Sullivan Award for Market Penetration Leadership. LogRhythm has demonstrated outstanding business and technical leadership, brand performance and product line depth to increase revenue by 40 percent year over year, which is much higher than the market average in the $1.16 billion global SIEM/LM market.
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Even in a mature market characterized by strong competition from 28 vendors, LogRhythm has acquired new accounts due to the depth of its solutions. Its excellent product portfolio and services have enabled it to displace incumbents and win new SIEM/LM deployments business, giving a huge boost to its brand performance.
"LogRhythm has also demonstrated technical leadership in retaining its SIEM/LM market penetration leadership," said Michael Suby, vice president of research at Frost & Sullivan. "The company is successfully winning business due to its high-performance log management, feature-rich SIEM reporting, and high-powered security analytics."
Frost & Sullivan has also observed that LogRhythm has gained the upper ground in messaging and positioning. Among privately held vendors, LogRhythm has been successful in leveraging high-performance log management to penetrate accounts by satisfying compliance and security requirements.
"Furthermore, LogRhythm's product line extends to robust SIEM functionality to streamline security management and threat detection," noted Suby. "It also offers security analytics that directly assist in optimizing security operations—an important attribute in the context of the widening responsibilities security organizations have."
Overall, LogRhythm has strategically utilized its deep product line to provide security information and event management functionalities to win new accounts and retain its top spot in the SIEM/LM market.
"Frost & Sullivan's honor demonstrates what LogRhythm is seeing on the front lines everyday—that organizations striving to improve their cyber threat detection and response capabilities are increasingly turning to LogRhythm to address that need," said Andy Grolnick, president and CEO of LogRhythm. "We're focused on solving real customer challenges as the leader in next generation security intelligence, and this award is further evidence that we're succeeding in that mission."
Each year, Frost & Sullivan presents this award to a company that has demonstrated excellence in capturing the fastest measured rate of change of market share within its industry. This Award recognizes how fast a company increases its penetration of a market, in terms of revenue.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.
LogRhythm is the largest and fastest growing independent security intelligence company in the world. The company's patented and award-winning Security Intelligence Platform, unifying SIEM, log management, network forensics, host forensics and advanced security analytics, empowers organizations around the globe to detect and respond to breaches and the most sophisticated cyber threats of today, faster and with greater accuracy than ever before. LogRhythm also provides unparalleled compliance automation and assurance as well as IT intelligence to Global 2000 organizations, government agencies and mid-sized businesses worldwide.
LogRhythm has been consistently recognized as a market leader, including being positioned as a Leader in Gartner's SIEM Magic Quadrant report for three years running, being named a "Champion" in Info-Tech Research Group's 2014-15 SIEM Vendor Landscape report, being ranked Best-in-Class (No. 1) in DCIG's 2014-15 SIEM Appliance Buyer's Guide, and receiving Frost & Sullivan's SIEM Global Market Penetration Leadership Award. It has also been named a Top Workplace by the Denver Post. LogRhythm is headquartered in Boulder, Colo., with operations throughout North and South America, Europe and the Asia Pacific region.
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