The acquisition adds artificial intelligence (AI)-based network detection and response (NDR) capabilities to Logpoint’s Security Information and Event Management (SIEM)-based cyber defense platform.
COPENHAGEN, October 1, 2024 – Connection point announces acquisition of Danish cybersecurity company Muninan AI-powered network detection and response provider, to meet the growing demand for advanced visibility to effectively detect and respond to cyber threats. The acquisition strengthens Logpoint’s Security Information and Event Management (SIEM)-based cyber defense platform with artificial intelligence (AI)-based network detection and response (NDR) and marks the next step in Logpoint on the path to becoming a European cybersecurity powerhouse, providing regional access. to high-value safety outcomes.
“Geopolitical unrest, cybersecurity talent shortages, and the commodification of malware have made the cybersecurity landscape more complex. Organizations and MSSPs need a multi-layered cybersecurity approach to effectively detect and respond to threats. With Muninn we can improve our offering,” says Mikkel Drucker, CEO of Logpoint. “Together, we add more value to our MSSP customers and partners by significantly improving their chances of preventing cyberattacks through the beneficial combination of AI-driven NDR, SIEM and automation. We are accelerating AI-driven product innovation to improve security and minimize cyber risks, and we are uniting the complementary skills of our respective teams.
The combined offering significantly improves visibility and threat detection, investigation and response (TDIR), increasing the chances of organizations and managed security service providers (MSSPs) to safely navigate the complex landscape threats. Gartner reports that organizations integrating SIEM, NDR, and Endpoint Detection and Response (EDR) respond to incidents 50% faster. Muninn’s NDR solution will augment Logpoint’s cyber defense platform with full network visibility, improve TDIR and enable customers to prevent cyber attacks in real time. Additionally, Logpoint solutions easily integrate with other cybersecurity products, allowing customers to bring their own EDR to gain complete visibility across all environments.
“We invested in Logpoint to secure the digital society and support the United Nations Sustainable Development Goals (SDGs) number nine aimed at building resilient infrastructure and number 16 promoting effective, accountable and transparent institutions and public access to information,” says Jacob Frandsen, partner at Summa Equity, Logpoint’s majority shareholder. “Muninn supports the same SDGs as Logpoint. Together they will amplify the impact, and this is an important step on the path for Logpoint to become a European powerhouse in cybersecurity, improving cyber resilience across Europe.
Logpoint has created a lab team led by CTO Christian Have to lead security research and AI innovation projects to make it easier for organizations and MSSPs to manage cyber threats and risks. Muninn’s talented AI professionals and technologies will enrich lab operations. The entire Muninn team, including Muninn CEO and Founder Andreas Wehowsky, is joining Logpoint. Wehowsky has a Master’s degree in Computer Science and Aerospace Engineering from MIT and over 20 years of experience implementing AI and machine learning (ML) and enterprise IT projects .
“We are excited to join Logpoint and increase our ability to help mid-sized organizations become more resilient,” said Andreas Wehowsky. “Many businesses face challenges related to a lack of cybersecurity staff, making it difficult to meet security needs and protect their business. By partnering with Logpoint, we can increase our impact and make it easier for security teams to defend against cyberattacks, allowing organizations to focus on what really matters. Ultimately, this is what is needed to protect the vital digital services and infrastructure we all depend on. »
Logpoint is the largest SIEM provider in Europe. In addition to SIEM, Logpoint offers automation, case management, and behavior analytics capabilities to help organizations and the MSSPs that serve them detect, investigate, and respond to cyber threats and comply with NIS 2, at GDPR and other data and cybersecurity regulations. Logpoint solutions are designed to comply with European laws and protect data. For example, Logpoint is the only European SIEM provider with a Common Criteria EAL3+ certification required by NATO organizations, demonstrating that its systems are robust and prepared for emerging threats.
