Exabeam Named a Leader in the 2020 Gartner Magic Quadrant for Security Information and Event Management for 2nd Consecutive Time

Leader position based on ability to execute and completeness of vision

FOSTER CITY, Calif.--(BUSINESS WIRE)--Exabeam, the Smarter SIEM™ company, today announced it has been named a Leader in the 2020 Gartner Magic Quadrant for Security Information and Event Management (SIEM). This marks the second consecutive time Exabeam has been placed in the Leaders quadrant by Gartner.

This year’s report states that “the SIEM market grew from $2.319B in 2017 to $2.597B in 2018,” where, ”threat management (and specifically threat detection and response) remains the primary driver, and general monitoring and compliance are 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, behavior profiling and analytics can improve detection success.” The analysts also write that the vendor landscape for SIEM is evolving, with “recent entrants bringing technologies delivering higher levels of sophistication for analytics use cases, and in several cases, cloud-native SaaS offerings.”

Exabeam has continued to demonstrate strong technology and business momentum in the past 12 months. Key 2019 announcements included $75 million in Series E funding, the acquisition of cloud application security company, SkyFormation, and a series of technology enhancements, including the release of Exabeam SaaS Cloud, as well as industry awards.

The Exabeam Security Management Platform (SMP) is a modern SIEM that helps security operations and insider threat teams work smarter. According to a recent Ponemon report, organizations can take advantage of its big data architecture, advanced analytics and automation capabilities to detect, investigate and respond to cyberattacks in 51 percent less time.

“We believe Exabeam’s Leader position in this Magic Quadrant, both in terms of our ability to execute and completeness of vision, validates our approach to building smarter SIEM technology,” commented Nir Polak, CEO, Exabeam. “We’re pleased to be recognized by Gartner as a Leader in the Magic Quadrant for SIEM for the second time in a row and will continue to evangelize the importance of behavioral analytics and automation with our security management approach in 2020.”

For more information on Exabeam’s SIEM, please visit: https://www.exabeam.com/product/.

To download a complimentary copy of the full 2020 Gartner Magic Quadrant for Security Information and Event Management report, visit: https://www.exabeam.com/library/2020-gartner-siem-magic-quadrant/.

Source: Gartner, Magic Quadrant for Security Information and Event Management, Kelly Kavanagh | Toby Bussa | Gorka Sadowski, 18 February 2020.

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About Exabeam

Exabeam is the Smarter SIEM™ company. We help security operations and insider threat teams work smarter, allowing them to detect, investigate and respond to cyberattacks in 51 percent less time. Security organizations no longer have to live with excessive logging fees, missed distributed attacks and unknown threats, or manual investigations and remediation. With the modular Exabeam Security Management Platform, analysts can collect unlimited log data, use behavioral analytics to detect attacks, and automate incident response, both on-premise or in the cloud. Exabeam Smart Timelines, sequences of user and device behavior created using machine learning, further reduce the time and specialization required to detect attacker tactics, techniques and procedures. For more information, visit https://www.exabeam.com.

Exabeam, the Exabeam logo, Threat Hunter, Smarter SIEM, Smart Timelines and Security Management Platform are service marks, trademarks or registered marks of Exabeam, Inc. in the United States and other countries. All other brand names, product names, or trademarks belong to their respective owners. © 2020 Exabeam, Inc. All rights reserved.