(Bloomberg) -- Cybersecurity company LogRhythm Inc. hired Morgan Stanley and JPMorgan Chase & Co. to help it prepare to go public, people with knowledge of the matter said.

An initial public offering is possible as soon as next year, said the people, who asked not to be identified because the information is private. The Boulder, Colorado-based company’s investors include Siemens AG, Access Venture Partners and Piper Jaffray Cos., according to its website. LogRhythm, which makes technology that helps customers monitor, analyze and neutralize online threats, is among a number of closely held cybersecurity companies that owners have geared up for an exit in recent months.

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