LogRhythm strikes distribution deal with M.Tech across key Asian markets
- 19 July, 2018 15:45
LogRhythm has signed an agreement with Singapore-based M.Tech for the distribution of its cyber security solutions across Asia Pacific.
M.Tech has 32 offices in 16 countries regionally, of which this partnership will distribute to five key markets, spanning Singapore, Indonesia, Malaysia, Philippines and Vietnam.
"In light of unpredictability of threats today, companies need more robust security systems that harness artificial intelligence and machine learning to ensure no threat goes undetected and security workflows are easy to manage,” said Joanne Wong, senior director of APJ, LogRhythm.
"Hence, we are excited to meet these needs through our partnership with M.Tech, which has the experience and networks that we can tap on to increase our visibility amongst such customers in the region - ones are looking for a seamless, advanced and reliable solution to safeguard their organisation."
Terms of the agreement will see M.Tech distribute the vendor's core security offering, which includes firewalls, web security, intrusion prevention and security analytics to cloud networking and network virtualisation.
"In the face of unprecedented threats, our customers want solutions that can guarantee protection over their operations as much as possible,” said Stanley Foo, CEO of M.Tech.
"The AI-based solution that LogRhythm offers has smart capabilities that far exceed basic security information and event management (SIEMs), telling security teams exactly how to respond in a timely fashion."
Furthermore, LogRhythm also provides solutions to sectors such as financial services, utilities, transportation and communications across Asia, which will now be available through M.Tech across the key markets.
“We are looking forward to higher customer satisfaction with LogRhythm as our partner,” said Foo.
There is an increasing regional demand for AI and machine learning (ML) capabilities in cyber security solutions.
In a 2017 report by McKinsey Global Institute, it was estimated that with currently available technology, half of the workforce of ASEAN’s four biggest economies - Indonesia, Malaysia, the Philippines, and Thailand - could be automated.
A further study by PwC’s revealed that AI could potentially contribute US$15.7 trillion to the global economy.
With the rising menace of cyber attacks, implementing advanced intelligence into an organisation’s security apparatus is a worthy pursuit.
By some estimates, an average organisation faces over 200,000 security events per day, highlighting the need for more advanced methods of protection and detection.
From a LogRhythm perspective, the vendor received a financial boost recently with the private equity firm Thoma Bravo unveiling plans to acquire a majority interest in the business, in a bid to drive product development across the expanding security market.