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At Sumo Logic, our belief is that security operations is no longer a human scale problem. We need tools and technologies to aid our defenders and responders to be able to process, investigate and respond at machine speed. Our vision for modernizing security operations to deal with threats at machine scale has always encompassed more than just SIEM.
So, I’m excited to announce that we have signed an agreement to acquire a leading security orchestration, automation and response (SOAR) company, DF Labs S.p.A. DFLabs SOAR allows customers to fully automate triaging of alerts, incident and threat investigation, threat containment and remediation while orchestrating across all security and IT relevant tools and data. The transaction is subject to customary closing conditions, including certain government approvals in Italy, and is anticipated to close in the second quarter of fiscal 2022.
Following the closing of the acquisition, we expect that the Sumo Logic Security Intelligence portfolio will include a leading SOAR solution, providing customers with both the analytics, orchestration and automation required to secure, protect modern infrastructure and applications. A modern SOAR, like DFLabs SOAR, combines Security Orchestration, Incident Response and Threat Intelligence capabilities with scalability and enrichment to solve for a wide range of SecOps use cases. We believe the proposed acquisition will strengthen Sumo’s ability to address the challenges of development, operations and security teams from a single continuous intelligence platform.
We expect that our security intelligence customers will realize significant value from this acquisition. Customers will have access to a best in class cloud-native security operations solution anchored by Sumo Logic Cloud SIEM and DFLabs leading open SOAR solution to investigate and respond to threats faster while improving SecOps productivity.
Together, we will work to build a combined solution that will offer the following benefits to our customers:
Gain faster context across users, networks, devices, alerts, cloud services and applications at machine speed, while prioritizing the information needed to speed response times.
Leverage automatically created Insights which alleviates manual triage efforts and triggers playbooks to automatically start the investigation and resolution workflow.
Automate containment and remediate attacks quickly. Progressive automated actions permit analysts to save time & focalize on real threats.
Establish repeatable incident response workflows, orchestrating your entire security stack into one seamless response process and to take timely actions to remediate threats.
Enables human-in-the-loop decision making and for analysts to perform high-value risk reduction activities like threat hunting, response, and remediation. Leverage pre-existing integrations and use of Open Integration Framework to solve all modern security operation use cases.
Even in the current challenging environment, Sumo Logic has been helping customers with their digital transformation journey securing cloud-first, cloud migration, cloud rebuild projects, and app modernization efforts. No matter where you are on your security modernization journey, Sumo Logic can help you achieve your goals.
I am looking forward to talking to you soon.
VP and General Manager,
Security Business, Sumo Logic
Forward Looking Statements
This blog contains express and implied forward-looking statements including but not limited to, statements regarding the expected benefits of the acquisition to Sumo Logic and its customers, the impact of the acquisition on Sumo Logic’s products and services, the anticipated timing of product releases, the ability to integrate the product offerings of the two companies, and the anticipated timing of closing the transaction. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond our control. Our actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to our ability to close the transaction on a timely basis, if at all; our ability to realize the anticipated benefits from the transaction; and our ability to successfully integrate the product offerings of DF Labs S.p.A. with our own and to achieve customer acceptance of those offerings. Other risks and uncertainties include our ability to achieve and maintain future profitability, our ability to attract new customers and retain and sell additional functionality and services to our existing customers, our ability to sustain and manage our growth, our ability to successfully add new features and functionality to our platform, our ability to compete effectively in an increasingly competitive market, and general market, political, economic, and business conditions, including the impact of COVID-19, and other risks detailed in our Form 10-Q filed with the Securities and Exchange Commission (SEC) on December 8, 2020 and in our Annual Form 10-K for the year ended January 31, 2021 that will be filed with the SEC, which should be read in conjunction with this press release and the financial results included herein.
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