LogLogic lands $13.5M in funding

Log management vendor LogLogic on Wednesday announced it had secured an additional $13.5 million in venture capital funding, which brings investment in the company to $47.7 million.

LogLogic garnered this fourth round of funding, led by Focus Ventures, to expand its global sales and marketing initiatives. The company, which competes with vendors such as ArcSight, netForensics and Q1 Labs, reports signing more than 160 customers in 2007 for its log collecting and analysis technology.

"Organizations are making log management a priority and they are quickly reaping the benefits, from the [systems administrator] up the chain of command to the CEO," said Pat Sueltz, CEO of LogLogic, in a company statement.

Founded in 2002, LogLogic built its business around collecting log data from network and security devices. Log management can represent an arduous manual task that even when completed provides little insight into what the data in the logs actually means. LogLogic products collect data from any log source without requiring network managers to do any coding work.

The vendor says its technology, typically packaged as an appliance, addresses compliance issues many companies face today. For instance, enterprise companies trying to stay compliant with mandates such as the Payment Card Industry Data Security Standard (PCI DSS) or more accurately track user activity across devices can benefit from automated log-management tools. Investors agree.

Industry regulations are creating a multibillion-dollar market opportunity for log management solutions," said Kevin McQuillan, general partner at Focus Ventures, in a statement.

Other investors in LogLogic’s Series D financing round include Sequoia Capital, Telesoft Partners, Worldview Technology Partners and Invesco Private Capital.