Logpoint has announced the acquisition of Danish cybersecurity company, Muninn, to meet the growing demand for advanced visibility to detect and respond to cyber threats efficiently.
The acquisition bolsters Logpoint’s Security Information and Event Management (SIEM)-based Cyber Defense Platform with Artificial Intelligence (AI)-driven Network Detection & Response (NDR).
“Geopolitical unrest, shortage of cybersecurity talent and commoditisation of malware have made the cybersecurity landscape more complex,” said Mikkel Drucker, CEO, Logpoint.
“Organisations and MSSPs need a multi-layered approach to cybersecurity to detect and respond effectively to threats. With Muninn, we can enhance our offering.
“Together, we add more value to our customers and MSSP partners by drastically improving their chances of preventing cyberattacks through the beneficial combination of AI-driven NDR, SIEM and automation.
“We accelerate the innovation of AI-enabled products to advance security posture and minimise cyber risk, and we unite complementary competencies from our respective teams.”
The combined offering significantly improves visibility and Threat Detection, Investigation and Response (TDIR), increasing the chances for organisations and Managed Security Service Providers (MSSPs) to safely navigate the complex threat landscape.
Gartner reports that organisations integrating SIEM, NDR and Endpoint Detection and Response (EDR) respond to incidents 50 percent faster.
Muninn’s NDR solution will augment Logpoint’s Cyber Defense Platform with comprehensive network visibility, enhance TDIR and enable customers to prevent cyberattacks in real time.
In addition, Logpoint solutions integrate with other cybersecurity products, allowing customers to bring their own EDR to achieve complete visibility across environments.
“We invested in Logpoint to secure digital society and to support UN Sustainable Development Goals (SDG) number nine aimed at building a resilient infrastructure and number 16 promoting effective, accountable and transparent institutions and public access to information,” added Jacob Frandsen, Partner at Summa Equity, Majority Owner of Logpoint.
“Muninn supports the same SDGs as Logpoint.
“Together, they will amplify the impact and it’s a significant step on the route for Logpoint to becoming a European cybersecurity powerhouse, improving cyber resilience across Europe.”
