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.
In 2021 LogPoint 6.8 was EAL 3+ re-certified in collaboration with Nexter Systems and approved for processing of classified information by the Danish Defence Intelligence Service. Through the acquisition of Tel Aviv-based SecBI, a disruptive player in automated cyber threat detection and response, LogPoint added SOAR and XDR the technology stack, to further deliver on the company’s mission to advance cybersecurity innovation.
Today the company serves more than 1.200 customers, and LogPoint has become a leading provider of Security Operations solutions, incorporating advanced analytics, ML-driven alert prioritization, industry-leading behavioural analytics, automation of investigations, remediation and response. Combined with a remarkable ability to scale and a unique time-to-value proposition.