While the origins of LogPoint trace back to 2003, the company didn’t emerge as LogPoint until 2012. Through a technological and organizational metamorphosis, LogPoint has evolved into a leading provider of Modern Security Information Event Management. And the journey continues.
The origins of LogPoint trace back to 2003 when the company was established as an IT security consultancy company in Copenhagen, Denmark, specializing in cybersecurity and vulnerability management. While growing within its original focus areas under, the company recognized a growing market demand for advanced log management software.
Acquisition of Immune
As a response in 2008, under the leadership of founder Soren Laustrup, the company acquired Immune, a university-based startup. The acquisition added the LogEx log management solution to the product portfolio and prompted rapid development in a direction that would shape the future of the company.
As the demand for a more capable log management platform increased, the product continued to evolve. Additional technology resources were added with the establishment of a fully-owned development center in Kathmandu, Nepal. This led to the launch of the 1st generation Security Information Event Management (SIEM) solution named LogPoint in 2009.
Jesper Zerlang joins as CEO
In 2009 Jesper Zerlang joined as CEO. In partnership with Soren Laustrup, he guided the continued growth and organizational development of the company, successfully proving the LogPoint SIEM solution in the Nordic marketplace.
Over time, SIEM requirements continued to increase in complexity, and data volumes grew exponentially. Consequently, it was decided to abandon the original technology platform and re-think the fundamental approach to SIEM. The result was a radical clean-slate, big data, NoSQL, second-generation design introduced to the market in 2012 as LogPoint version 5.0.
Following the 2012 re-birth of the LogPoint SIEM solution, the company changed its name to LogPoint and embarked on a journey of transformative growth, focused on SIEM. A partner-based business model was introduced, and a rapid market expansion was initiated, moving LogPoint into the major European markets.
LogPoint added more than 150 customers from 2012 to 2014 where the Danish venture capital firm DICO provided seed funding. This enabled LogPoint to grow from a strong Nordic presence to a full European operation with new offices in Stockholm, Munich, Paris, and London.
Achieving EAL certification
In 2015, the LogPoint SIEM solution received the ultimate quality approval, as it achieved an EAL3+ certification in cooperation with Boeing Defense, and Space & Security. The certification enabled LogPoint to pursue high-end markets such as defense, security and law-enforcement organizations, as well as critical infrastructure providers.
As an extension of the partner-based business model, and to address the growing requirement for managed security services, LogPoint launched the MSSP-enabled version 5.5 of its SIEM solution in 2016. At the same time, LogPoint caught the attention of key industry analysts and in 2017, LogPoint soared into the top ranks of Gartner Peer Insights reviews.
USA and UEBA
To fuel further growth, U.S.-based based venture capital firm, Evolution Equity Partner provided series A funding in 2017. Backed by the specialist cybersecurity investors, LogPoint in 2018 introduced next-generation technologies like user and entity behavior analytics (UEBA) based on advanced machine learning. LogPoint entered the North American market with its new Boston office serving as a bridgehead for US market expansion led by Soren Laustrup.
In December 2018 LogPoint was included in the prestigious Gartner Magic Quadrant for SIEM as the only new entrant in the quadrant. In April 2019 the circle was completed as LogPoint was named a Gartner Peer Insights Customers’ Choice for Security Information and Event Management based on reviews by Cybersecurity professionals.
In 2020, LogPoint acquired the Munich-based company agileSI, a world-leading SAP security solution, from Orange Cyberdefense. The technology enabling the full integration of security data from the SAP platform into SIEM solutions was rebranded as LogPoint for SAP.
Also in 2020, LogPoint raised additional capital to fuel global growth. In a series B funding round led by the Germany-based growth equity investor Digital+ Partners, with significant participation from existing investors, LogPoint raised $30m. With the Series B investment, LogPoint has raised a total of $42m.
As of 2021, LogPoint 6.8 has been EAL 3+ re-certified in collaboration with Nexter Systems. The company serves more than 1.400 international customers, and LogPoint has become the epitome of Modern SIEM incorporating advanced analytics, ML-driven alert prioritization, industry-leading behavioral analysis, a remarkable ability to scale and a unique time-to-value.
The journey continues.