LogLogic Closes Over-Subscribed $13.5 Million in Series D Financing

LogLogic, the log management leader, recently announced it has closed a series D round of funding, securing an additional $13.5 million in equity funding. The company also announced it will use the funds to expand global sales and marketing initiatives and accelerate innovation. This round, which brings the total equity investment in LogLogic to $47.7 million, was led by Focus Ventures and included Sequoia Capital, Telesoft Partners, Worldview Technology Partners and Invesco Private Capital.

As the largest independent vendor in the log management market, LogLogic attributes the industry’s hyper-growth to compliance mandates such as the Payment Card Industry Data Security Standard (PCI DSS) as well as pressures to reduce costs by investing in automated platforms for tracking user activity and business performance. Since its founding in 2002, LogLogic has seen more than 100 percent growth year-over-year in sales of its market-leading log management appliance.

In 2007 alone, LogLogic signed over 160 new customers in the enterprise, mid-market and MSSP channels, bringing its total to more than 400 customers. Last year, LogLogic’s channel initiatives brought in key partners including BMC Software, Novell, Arsenal and SecureWorks, further establishing the company’s extensive global reach and best-in-class reputation as the log management leader.

“Industry regulations are creating a multi-billion dollar market opportunity for log management solutions,” said Kevin McQuillan, general partner at Focus Ventures. “A lot of people want a piece of the pie. The investment opportunity with LogLogic is great – the company brings a market-leading log management appliance through tier one business partners to customers that require reliable solutions. With 100% year-to-year growth, new customer acquisitions, and a strong channel to leverage, we see LogLogic as a key player in the log management space.”

According to recent SANS Technology Institute and Enterprise Strategy Group research, traditional Security Information and Event Management (SIEM) vendors address security, risk and compliance issues that comprise only 30% of log management use cases. By contrast, LogLogic takes a broader market approach by addressing 100% of use cases, including the 70% of non-security-related use cases in business performance management and problem isolation. In addition, LogLogic’s open log management platform allows customers and partners to develop their own use case applications through an open web services API. This wide-spectrum ecosystem development model is a big differentiator from competitors including RSA enVision and ArcSight.

“Failure to meet compliance standards carries serious consequences for a company and its C-level executives,” said Pat Sueltz, chief executive officer at LogLogic. “Organizations are making log management a priority and they are quickly reaping the benefits, from the sys-admin up the chain of command to the CEO.”

“LogLogic has world class investors and a great team and we continue to add top talent to take LogLogic to the next level. We are expanding our global reach and accelerating our innovation roadmap to continue on our high-growth trajectory,” said Sueltz.

LogLogic provides the world’s leading enterprise-class platform for collecting, storing, reporting and alerting on 100 percent of IT log data from virtually any device, operating system or application. LogLogic 4 LX and ST systems address the compliance, operations and risk mitigation needs of the most demanding global enterprises. LogLogic’s innovations include creating the world’s first search engine for fast-moving IT log data, and Compliance Suites that automate using that data to enforce critical controls and regulations.

For more information, please visit www.loglogic.com