LogLogic, a San Jose, Calif.�based developer of log lifecycle management appliance, has raised $1.5 million in additional Series D funding from SAP Ventures. It had previously held a $13.5 million first close from Focus Ventures, Sequoia Capital, Telesoft Partners, Worldview Technology Partners and Invesco Private Capital. Log Logic has now raised $36 million in total VC funding.
LogLogic�, the log management leader, today announced that it has secured an investment from SAP Ventures, the venture capital arm of SAP AG (NYSE: SAP), the world’s leading provider of business software solutions. SAP Ventures joins Series D investors Focus Ventures, Sequoia Capital, Telesoft Partners, Worldview Technology Partners, Invesco Private Capital and others in the latest investment round, which now totals $15 million.
“Our investment shows that SAP Ventures is positive about LogLogic’s business and its growth opportunities, but we also like how it is positioned in an industry critical to SAP customers,” said Andreas Weiskam, Partner at SAP Ventures. “SAP customers are strongly interested in Governance, Risk and Compliance (GRC) and we believe LogLogic’s user activity monitoring technologies could complement the growing SAP applications portfolio in this important growth market.”
LogLogic’s log management platform and compliance applications improve the security, availability and compliance of heterogeneous IT environments. Log data records hold a complete audit trail of user and system activity. While access control systems, such as the SAP GRC Access Control system, can tell who should have access or authority to do what, log data shows explicitly who is doing what. Log management solutions act as the digital surveillance camera of the virtual enterprise and can be a compensating control before, during or after the deployment of segregation of duties (SoD) controls.
“SAP Ventures’ investment will not only help us grow our leadership position in the industry, but we will also benefit from SAP Ventures introductions to the broader SAP ecosystem,” said Pat Sueltz, CEO of LogLogic. “SAP already delivers a critical piece to the compliance and fraud prevention puzzle. We are looking to increase value for shared customers by adding visibility and control over actual user and system activities and further automate the compliance process.”
About SAP Ventures
Since 1996, SAP Ventures has been investing in companies that offer exciting new technologies and applications. Leveraging years of experience and drawing on a network of powerful business relationships, SAP Ventures helps entrepreneurs and management teams recruit the best people, make the right technology decisions, win new business, and build their own partner networks. The goal of SAP Ventures is to grow businesses that create shareholder value for everyone involved. For more information, visit www.sapventures.com.
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. LogLogic has established a position as the market visionary and leader, with awards that include SC Magazine ‘Approved for SC Labs Rating’ in 2006 and 2007, IT Week’s ‘Editor’s Choice Award’, AlwaysOn Top 100 Private Company 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 http://blog.loglogic.com.