Wednesday, May 27, 2009

LogLogic Secures $8.8M in Extended Series D Financing

LogLogic has secured an additional $8.8 million in equity financing in a Series D round. The total equity investment in LogLogic is $58 million, with latest round led by Focus Ventures and included Sequoia Capital, Telesoft Partners, Worldview Technology Partners, INVESCO Private Capital, SAP Ventures and former shareholders of Exaprotect, including CM-CIC Private Equity, Crédit Agricole Private Equity and ELAIA Partners.

LogLogic provides log management, compliance management and security management solutions designed to improve accountability and lower costs for organizations of all sizes. LogLogic's unique open log management platform enables customers to collect, search and store 100 percent of IT log data for a comprehensive fingerprint of past and current activity across any organization. 

“LogLogic has shown incredible traction and market penetration year-over-year while continuing to pursue an aggressive vision for leading innovation in the log management, security management and database security markets,” said Mike Goguen, Managing Partner at Sequoia Capital. “LogLogic’s tier one business partners and large Fortune 500 customer portfolio further demonstrate the company’s commitment to deliver best in class products.”

In addition to securing additional financing, LogLogic completed the acquisition of Exaprotect last week. Exaprotect’s industry-leading security event management patent-pending technologies power LogLogic Security Event Manager and LogLogic Change Manager – two critical differentiators for LogLogic’s comprehensive suite of IT management business applications. While other vendors in the security event management industry provide passive monitoring and reporting tools, LogLogic’s product suite is the only line of solutions to actively detect intrusions and prevent data breach incidents.

“As we build on top of our record growth last year, we’re rapidly expanding to provide a variety of business applications that help customers achieve their security and compliance objectives faster and at a lower cost,” said Pat Sueltz, President and CEO at LogLogic. “If you want a full record of what’s happening to your data, you go to the logs. Our investors understand the value we provide and support our acceleration into new markets this year.”

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Anonymous said...

Interesting. I guess they are doing well given sequoias backing. They face stiff competition from arcsight.

Anonymous said...

SIM players are a dime a dozen.