LogRhythm opens regional Hq in Singapore to build on momentum
By Digital News Asia July 6, 2016
- Claims APAC business grew more than 1000% in the last 18 months
- Looking into establishing a lab on security intelligence in the region
SECURITY intelligence and analytics company LogRhythm has announced the opening of its new Asia Pacific and Japan (APJ) headquarters in Singapore to support a growing demand for security intelligence solutions.
LogRhythm opened its first office in Singapore in 2014 and has since expanded into Sydney, Melbourne, Hong Kong and Malaysia, it said in a statement.
The team in Singapore has grown fivefold, with an ever-expanding security partner reseller ecosystem across the region to support the business, the company said without disclosing figures.
“We have seen tremendous growth in the past 18 months as more organisations in Asia Pacific are recognising the critical need for security intelligence solutions,” said LogRhythm’s APJ vice president Bill Taylor-Mountford.
“We have seen more than 1,000% growth in our revenue for the region, with Singapore contributing 20% of that revenue.
“High profile hacks and breaches recently have raised the awareness on how important information security is, whilst we have always said that it wasn’t a question of if but when – organisations are beginning to understand this now,” he added.
Asia Pacific organisations across various industries such as finance, mining, oil and gas, government, education as well as travel and retail are using LogRhythm’s solutions, the company said.
“We are also actively working with various industry alliances and government agencies in the region on topics such as awareness, talent development, information sharing and regulatory updates,” said Taylor-Mountford (pic).
Other than the new office in Singapore, LogRhythm said it is also planning a new office space in Sydney and Hong Kong.
It is also reviewing the establishment of a lab on security intelligence within the region.
LogRhythm recently announced Network Monitor 3, which it said empowers security analysts to detect advanced threats and rapidly respond to incidents.
Late last year, it announced a major upgrade to its security intelligence and analytics platform, LogRhythm 7.
“Successful intrusions continue to be on the rise and we want organisations to understand that a successful intrusion doesn’t need to lead to a major breach or incident. We are here to help them detect, respond to and neutralise these threats,” said Taylor-Mountford.
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