LogLogic, a security and log management firm that helps companies sort though log data and manage their IT systems, has raised $8.8 million in an extended series D round of funding, led by Focus Ventures with Sequoia Capital, Telesoft Partners, Worldview Technology Partners, INVESCO Private Capital, SAP Ventures, CM-CIC Private Equity, Crédit Agricole Private Equity and ELAIA Partners participating. This brings LogLogic’s total funding to $58 million.
LogLogic plans to use the financing to fuel growth into new markets, including database activity monitoring. LogLogic recently acquired security management company, Exaprotect, for an undisclosed amount.
LogLogic offers companies a suite of software products that helps IT departments make sense of logs of IT audits, compliance, threats, and other operational data. Competitors in the secerity management space include RSA, IBM and ArcSight.
Excellent suite of products from Loglogic and lots of innovations, ie, state-of-the-art & cutting-edge new technologies. I read on their website that they use multivariate analysis.
ya they’re cool
mmmm, still unclear how is this a better log mgmt soln that every internal engnnr deals/w daily? is it solving growing network complexity or driven by compliance or by lack of human resources in IT? automation as the pixie dust?
If you don’t have a single engineer that’s versed enough in bash scripting or perl to produce log based reports, you should get out of the IT business.
What are the businesses that use these services paying their IT staff for?
I can see them right now sitting around in lawn chairs outsourcing their work to firms like log logic.
I’m not saying log logic is bad, though I would shudder to think of what 1 company could do with the logs of 10000 other companies as far as corporate espionage, but back to the point, I can’t think of how a company big enough to need advanced reports would pay employees to sit there and out source their most sensitive data to “some company they found on the internet”.
LOL, executives are getting really crazy.
Hum, crazy exec are the ones without IT security. And there are a bunch of them. Tell that to US Air Force who got sensitive info about the JSF stolen on some subcontractor’s network.
No no no.
It’s not crazy to constantly revisit the impact of shifting things to a third party… or to the cloud in this manner.
To put a fine point on it, an engineer that can handle logging and review is not always cost effective. Even Splunk is pricey… take a look at the customer set. Those are logging heavy places when you look at those customers and all want what a hosted solution might offer them.
The explosion of secure web gateways with remote cloud based policy interrogation is on the rise. That’s corporate data flying outside in and back outside again. It’s packets.
Also, if you review what Cisco Smart Care promises [1] then you are essentially calling Cisco’s own services model for logging and event driven (proactive) planning into question.
[1] http://www.cisc...group_home.html
extended series D? having trouble making a buck eh…
We provide include: North America (NAFTA), South American countries, the EU 27 countries, the Middle East, Southeast Asia, Russia and other 248 countries and regions in a variety of Customs bill of lading data, import and export trade (Statistics) data.
http://www.cust....cn/BEBLENHEIM/
Congrats to LogLogic on another round. $58MM and counting.
What was the valuation at for the series D? Anyone?