Patterson joins Exabeam as global channel chief

Craig Patterson has been appointed global channel chief at Exabeam Inc., a global cybersecurity company.

Patterson will lead efforts to drive innovation and collaboration within the channel ecosystem, enhance go-to-market strategies and expand the company’s footprint through strategic partnerships.

“Craig’s proven ability to scale global partner programs makes him the ideal leader to drive our global channel strategy as we aim to capitalize on our momentum post-merger,” Chris O’Malley, CEO of Exabeam, said in a prepared statement. “His strategic approach to channel development, coupled with his cybersecurity experience, will be invaluable as we continue to expand our partner ecosystem and deliver industry-leading security analytics solutions through our channel-first strategy.”

Computer data security company LogRhythm Inc. inked a merger agreement with California-based Exabeam last spring, and then announced that it would lay off 80 workers at Exabeam’s office at 385 Interlocken Crescent in Broomfield. In 2018, Thoma Bravo, a Chicago-based private equity firm, bought a controlling stake in LogRhythm, which was formed in Boulder before moving its headquarters to Broomfield several years ago.

Patterson brings more than 20 years of channel leadership expertise to Exabeam. Before joining the company, Patterson held leadership roles at Aryaka Networks and Lumen Technologies, where he led billion-dollar revenue strategies and scaled programs across global markets.

Loenbro acquires Arizona industrial services company

Industrial services provider Loenbro LLC has acquired Revolution Industrial LLC, an Arizona company in the same industry.

“The addition of Revolution represents a strategic milestone for Loenbro, further enhancing its industrial service capabilities in high-growth end markets in the Southwest U.S. and complementing Revolution’s specialized service offering to data center and infrastructure customers,” Loenbro said in a news release.

Terms of the deal were not disclosed.

Boulder firms added to NASA Innovative Advanced Concepts program

Leaders from a pair of Boulder companies were recently among 15 selected to participate in the NASA Innovative Advanced Concepts program, which the space agency said is meant to nurture “innovation by funding early-stage technology concept studies for future consideration and potential commercialization.”

The Boulder participants are ThinkOrbital Inc.’s Ryan Benson and Tentguild Engineering Co.’s Gyula Greschik.

Companies in the NIAC program have access to more than $2.6 million in grant funding “to evaluate technologies that could enable future aerospace missions,” NASA said.

Utah’s Trucordia buys Boulder Insurance Solutions

Trucordia, a Utah-based insurance services firm, has acquired Boulder Insurance Solutions LLC.

Terms of the deal to absorb Boulder Insurance Solutions, a full-service brokerage in Boulder, were not disclosed.

Trucordia is a trade name used by PCF Insurance Services of the West LLC.

— BizWest reports