SAN MATEO, Calif.--(BUSINESS WIRE)--Exabeam, the next-gen SIEM company, today announced that it has been positioned by Gartner, Inc. as a Leader, based on completeness of vision and ability to execute, in the 2018 Magic Quadrant for Security Information and Event Management. This is Exabeam’s second year in this Magic Quadrant.
This year’s report states that “the SIEM market grew from $1.999B in 2016 to $2.180B in 2017,” where, “threat management is the primary driver, and general monitoring and compliance remains secondary.” Gartner analysts Kelly Kavanagh, Toby Bussa, and Gorka Sadowski note that “the greatest area of unmet need is effective detection of and response to targeted attacks and breaches,” to which “the effective use of threat intelligence, behavioral profiling and analytics can improve detection success.” The analysts also write that the vendor landscape for SIEM is evolving, with “recent entrants bringing technologies optimized for analytics use cases.”
According to Sylvain Gil, executive vice president of products at Exabeam, “Our rapid growth has allowed us to claim a significant portion of the SIEM market this year. We will more than double our year-on-year sales before the end of 2018, following 250 percent top-line growth in 2017 and 300 percent growth in 2016. We are investing heavily in building out our cloud portfolio and expanding our already far-reaching global presence, following a recent $50 million Series D funding round.”
“Exabeam came into being in 2013 to provide modern enterprises with a new, highly accurate and effective way to detect even the most miniscule anomalies on their network,” said Nir Polak, CEO of Exabeam. “We consider our positioning in the Leaders quadrant as confirmation of our mission to build a security management platform that protects organizations’ networks from insider threats, cybercriminals and adversaries at an affordable price point. We look forward to continuing to innovate to change the face of the SIEM market and to further enhancing our market position.”
Exabeam was recently designated a Customers’ Choice for SIEM in the 2018 Gartner Peer Insights for Security Information and Event Management. The Peer Insights distinction is a recognition of vendors in a given market based on verified ratings on solutions from IT professionals. Exabeam was also named the highest rated vendor overall in the 2018 Gartner Peer Insights ‘Voice of the Customer’: Security Information and Event Management Market report. In the report, Exabeam has the highest rating in the categories of “Evaluation and Contracting,” “Willingness to Recommend,” “Integration and Deployment,” and “Service and Support.”
For more information on Exabeam’s SIEM, please visit https://www.exabeam.com/product/. To download a complimentary copy of the full 2018 Gartner Magic Quadrant for Security Information and Event Management report, visit: https://www.exabeam.com/library/2018-gartner-siem-magic-quadrant.
Gartner, “Gartner Peer Insights ‘Voice of the Customer’: Security Information and Event Management Market,” Peer Connect Contributors, 27 September 2018.
Gartner, Magic Quadrant for Security Information and Event Management, Kelly Kavanagh, Toby Bussa, Gorka Sadowski, 3 December 2018.
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Exabeam delivers next-generation security management technology that enables organizations to protect their most valuable information. The Exabeam Security Management Platform combines unlimited log data collection, advanced behavioral analytics, and automated incident response, all supported by Exabeam’s patented Smart Timeline technology that uses machine learning to track identity and behavior over time. The company’s recent industry accolades include Forbes Cloud 100, Inc. 500, and SC Awards Europe, among many other distinctions. Exabeam is privately funded by Aspect Ventures, Cisco Investments, Icon Ventures, Lightspeed Venture Partners, Norwest Venture Partners and well-known security investor Shlomo Kramer. For more information, visit https://www.exabeam.com or follow us on Twitter @exabeam.