News Releases
Compliance Mandates Spur Record Revenue & Customer Growth at LogLogic
Doubles customers year-on-year, Increases revenue three times Expands Executive Team Launches New Version of Project Lasso
SAN JOSE, Calif. – March 29, 2007 – Enterprise demand for log management and intelligence solutions to answer compliance mandates and Enterprise threats spurred LogLogic to record revenue and customer growth in 2006. By doubling customers to over 300 – including many from the Fortune 100 – LogLogic affirmed its place as the proven market leader in the fast growing Log Management and Intelligence (LMI) market. Log Management and Intelligence (LMI) has moved from a routine IT activity to a requirement for continuous compliance with regulations, industry mandates and IT policies.
"Log files provide an immutable fingerprint of IT and user activity when collected, processed and stored correctly", said Chris Brennan, CEO, LogLogic. "Driven by compliance mandates, the risk surrounding information assets and the need to drive new efficiency into IT operations, we see a vibrant and growing LMI Market that is driving a quarterly revenue rate of more than triple that of the same quarter last year."
Over the past year LogLogic has expanded its executive leadership team adding Robert Yusin, VP Sales and operations, Americas and EMEA. Yusin, 43, previously held senior roles at Symantec Corporation and a number of successful start-ups.Yusin, 43, previously held senior roles at Symantec Corporation and a number of successful start-ups.
"Fueled by significant growth in our customer base we have nearly doubled the size of our sales team to responsively address demand from new customers and channel partners. And we have doubled our engineering resources to increase the velocity of our product development in the market," continued Brennan.
LogLogic's Log Management and Intelligence platform provides a higher level of reporting and auditing, securely storing all raw log data for on-demand retrieval or historical analysis. Breakthrough technologies like Agile Reporting and Open Log Services are setting the standard for the log management industry. Installed within just minutes, LogLogic's solution aggregates high volumes of log data and offers fast automating log data archival and providing more secure log data retention.
"Our continued technological innovations, our new product momentum, and the improvements we have made to our sales force and distribution channels position us to meet the demands of the market growth potential and assure highest quality execution consistent with being the market leader in LMI", concluded Brennan.
Over the past year LogLogic unveiled six major product releases including updates and enhancements to its award-winning LogLogic LMI platform with new Compliance and Control Suites™ targeting SOX, FISMA, HIPAA, PCI, ITIL, CoBIT and ISO.
New Version of Project Lasso Launches
A new version of its Open Source Windows Event Collector, Project Lasso, also saw several releases during the year that innovated high-performance, agentless log aggregation from a centralized server. Last month LogLogic released Version 3.2.0 of its Open Source Windows™ Event Collector at Sourceforge.net. With over 5,500 downloads to date, Project Lasso was architected to eliminate the need to manage individual log collection agents and greatly reduce the impact on monitored servers in terms of storage and processing. The reference design is the first in a series of community initiatives from LogLogic is driving to encourage developers, IT professionals, business users, and other technologists to participate in and accelerate the technology development process around log files and their management. Project LASSO is offered and supported as part of LogLogic's award-winning log management and intelligence platform.
About LogLogic
LogLogic® (www.loglogic.com) is the leader in log management and security event management solutions. More than 1,000 customers worldwide entrust their most sensitive log data to LogLogic’s award-winning products. For updates from the Company, visit the blog or follow LogLogic on Twitter.
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Media Contact
Jenna Boller
Page One PR, for LogLogic
Tel: +1.415.321.2344
