Streamlined and converged cyber security
Logpoint at a glance
Logpoint is a Cyber Security Operations company, providing data-driven intelligence for security decision making through their SIEM (Security Information and Event Management) platform. Logpoint applies existing technology, security expertise and BCAS (Business Critical Applications Security) domain knowledge to secure digital transformations, threat detection and response for mid/large customers. Logpoint offers European customers a European alternative to US cyber security products and serves over 650+ customers across all industries.
- Year acquired
- 2023
- Sector
- Cyber security
- Revenue
- EUR +20m
- Location
- Denmark
- Employees
- 295
- Website
- https://www.logpoint.com/
- Investment theme
- Tech-Enabled Transformation
- Contact
- jacob.frandsen@summaequity.com
Key developments in 2023
Logpoint development has progressed in line with expectations. Summa invested in Logpoint at the end of Q1. In 2023, the company performed in line with budget on the topline and slightly ahead on the bottom line. Since the investment, Logpoint has transitioned within management, go-to-market strategies, and overall cost awareness, which has been healthy for the company.
What are the challenges Logpoint addresses
-
277
days to detect and respond to data breach
-
USD 3.9m
vs 5.0m avg. cost for data breach lifecycle of <200 days and >200 days
How does Logpoint help?
Reality today
The global community faces increasing risk of cyberattacks and damage caused by cyber-crime as well as other forms of criminal activities (e.g., extortion, fraud, etc.). Data analysis is highly relevant given large share of crime with digital component (67%) and share of criminal investigations involving digital evidence (85%).
Approach
Logpoint helps clients identify compromised IT systems, detect suspicious activity on time, decide on appropriate action swiftly, and gather / analyze data from incidents in the ERP system.
Aspirational future
A world where all governments, critical infrastructure companies, SMEs and large corporation are adequately equipped for resilience and rapid response to cybersecurity threats and incidents, and negative impacts on society are minimized.
Who is impacted?
Governments, institutions, and companies are threatened by the increased prevalence and extent of cyber-attacks, leading to significant economic loss to the global community. Cybercrime affects society as many critical services are increasingly relying on information technology.
Contribution
Logpoint contributes to the prevention of cyber-crime by offering the highest level of SIEM certification. In addition, Logpoint uniquely enables SMEs that are exposed and increasingly vulnerable to implement protection against cyberattacks, which is important to general cyber security as the coverage of SMEs bolsters security through network effects.
Risks
Risks of Logpoint not delivering the desired impact include less usage of the platform, stagnating growth in new customers and technological complications. Logpoint manages sensitive data. As such, data privacy and security are of paramount importance and must be safeguarded.