BOULDER, Colo.--(BUSINESS WIRE)--The Colorado Technology Association honored LogRhythm, The Security Intelligence Company, as its 2014 Company of the Year during the 14th annual APEX Awards ceremony held Wednesday, November 5. More than 70 companies and individuals were nominated for this year’s APEX Awards, which recognize technology innovators, connectors and leaders based in Colorado who have made important contributions to the industry in the past year.
The APEX award is the latest addition to a long list of high-profile industry awards for the company, its technology and its executives. Earlier this year LogRhythm was positioned by Gartner Inc. in the Leaders quadrant of the “Magic Quadrant for Security Information and Event Management” (SIEM) for the third consecutive year, named a “Champion” in Info-Tech Research Group’s 2014-15 SIEM Vendor Landscape report, ranked Best-in-Class (No. 1) in DCIG’s 2014-15 SIEM Appliance Buyer’s Guide, and The Denver Post named the company as a Top Workplace.
“Colorado is a hotbed for innovation and home to a number of exceptional technology companies. Receiving the CTA APEX award for technology Company of the Year amidst such exceptional peers is an honor,” said Andy Grolnick, CEO of LogRhythm. “The award is a testament to the outstanding work of our employees around the globe who deliver our best-in-class security intelligence solutions and services to help our customers detect, respond to and neutralize damaging cyber threats.”
The award comes amid rapid success and corporate momentum for LogRhythm. In July 2014, the company received $40M in new equity financing to fuel its next phase of growth. LogRhythm today has more than 1,500 customers worldwide in a number of industries including financial services, retail, hospitality, manufacturing, technology, energy/utilities, healthcare, higher-education and government.
LogRhythm, the leader in security intelligence and analytics, empowers organizations around the globe to rapidly detect, respond to and neutralize damaging cyber threats. The company’s patented and award-winning platform uniquely unifies next-generation SIEM, log management, network and endpoint forensics, and advanced security analytics. In addition to protecting customers from the risks associated with cyber threats, LogRhythm provides unparalleled compliance automation and assurance, and enhanced IT intelligence.