Private-equity firm takes majority stake in LogRhythm

BOULDER — LogRhythm Inc., a Boulder security-information and event-management (SIEM) solutions company, has a new majority owner.

Thoma Bravo, a private-equity firm with offices in San Francisco and Chicago, has made a majority investment in the company. Financial terms of the deal were not disclosed. The transaction is expected to close in the third quarter of this year, pending regulatory approval.

LogRhythm’s NextGEn SIEM platform helps companies detect and neutralize cybersecurity threats, assess user behavior through analytics and manage the entire threat lifecycle.

“LogRhythm believes it has found an ideal partner in Thoma…