LogLogic, a San Jose, California based developer of log lifecycle management appliance, raised $13.5M in Series D funding

LogLogic(R) (www.loglogic.com), the log management leader, today announced it has closed a series D round of funding, securing an additional $13.5 million in equity financing to expand global sales and marketing initiatives and accelerate innovation. This round, which brings the total equity investment in LogLogic to $47.7million, 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 also announced today the appointment of three new executive vice presidents: Kevin Carroll, executive vice president operations, On Lee, executive vice president engineering and chief technology officer, and Diane Deutsch, executive vice president global human resources. Caroll joins LogLogic with over 25 years of experience leading world-class operations organizations at EMC Corporation, Sun Microsystems and Tyco International.

Lee joins LogLogic from Symantec Corporation where he built the Advanced Concepts Group within Symantec Research Labs to focus on developing new products in emerging areas. Prior to Symantec, Lee held various management and technical positions at Microsoft.

Deutsch joins LogLogic with over 20 years of experience in all aspects of human resources management. She previously served as senior vice president human resources at SurfControl, Inc., vice president of human resources at Chameleon Systems and director of human resources at Nuance, Avaya, Lucent and Octel.

"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.

About LogLogic
LogLogic(R) 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. Designated a Gartner Magic Quadrant 'leader' in 2007.

LogLogic has also won various awards including SC Magazine 'Approved for SC Labs Rating' in 2006 and 2007, IT Week's 'Editor's Choice Award' and 'Five-Star Review,' InfoSecurity Product's Guide 'Hot Companies 2007,' CRN Emerging 'Tech Dynamos 2007,' Deloitte Silicon Valley 2007 'Technology Fast 50,' AlwaysOn Top 100 Private Companies 2006, Best of Interop 2005, SC Magazine's 'Best Computer Forensics,' Info Security's 'Hot Company 2006,' and designation to the Red Herring 100 in 2006. For more information, visit www.loglogic.com and blog.loglogic.com.