Exabeam, the next-gen SIEM company, today announced the rapid growth of the Exabeam SIEM platform one year after its release. Product line additions, pickup by reseller and integrator partners, and expansion in existing accounts have resulted in a significant increase in adoption over the past four quarters.
The Exabeam Security Intelligence Platform (SIP) is comprised of six integrated products that help organizations protect their valuable information. SIP provides companies of all sizes with end-to-end detection, analytics, and response capabilities from a single security management and operations platform. The platform provides elastic scalability through the use of a modern big data infrastructure and advanced detection using machine and deep learning algorithms — all at a predictable cost that is not based on data volume. This means organizations no longer need to choose between adhering to security budgets and adding additional data sources to minimize their security blind spots.
Factors driving growth of the Exabeam SIEM platform include:
Product Line Expansion — Exabeam added two new products to SIP, including Exabeam Data Lake, a security repository designed specifically for security analysts, and Exabeam Entity Analytics, a behavior analytics application that monitors device activity.
Customer Uptake — Coming off a record 2017, billings grew 205 percent in Q1 compared to Q1 of last year. Exabeam SIP is currently monitoring over 4 million employees worldwide, and 89 percent of Exabeam customers have purchased multiple products.
Partner Success — Q1 of this year saw an increase of channel generated bookings of over 150% compared with Q1 of 2017. Because of this momentum, Exabeam was recently named a CRN 5-Star Partner Program recipient. This week, leading cyber risk integrator Grant Thornton, entered into an alliance agreement with Exabeam.
Analyst Praise and Awards — Though new to the market, Exabeam debuted as a Visionary in the Gartner Magic Quadrant for SIEM. Exabeam SIP is a 2018 finalist for both the SC Awards and SC Awards UK in the SIEM category.
“It has been an incredible year for our SIEM platform. It’s clear that organizations are tired of paying by the byte for technology that does not get the job done. Our flat pricing model and advanced analytics are making security teams more effective with a product that’s cost effective,” said Nir Polak, CEO of Exabeam. “I’m really pleased to see the expansion of Exabeam across new and existing accounts. The trust we gained with our analytics product has allowed us to get our data lake and incident response products into the hands of more companies looking to elevate their security practices.”
Exabeam will be demonstrating its next-gen SIEM at the RSA Conference in San Francisco April 16-20, Booth #1133 South Hall.