LogLogic Receives Investment from SAP Ventures

SAN JOSE, CA – March 10, 2008 – 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.

About LogLogic

LogLogic® is a visionary leader in log management for business operations, security and compliance for the most demanding global enterprises as well as mid-market companies. The LogLogic family of LX-ST and MX appliances address the compliance, operations and risk mitigation needs for collecting, storing, reporting and alerting on 100 percent of IT log data from virtually any device, operating system or application. LogLogic's innovations include creating the world's first search engine for fast-moving IT log data, the first open log management platform and API, and Compliance Suites for PCI, SOX, HIPAA, and other mandates that automate using log data to enforce critical controls and regulations. LogLogic received four and half stars out of five from SC Magazine's forensic tools review in 2008 and was named a Deloitte Technology Fast 50 Rising Star in 2007. For more information, visit www.loglogic.com and http://blog.loglogic.com.

LogLogic disclaims any interest in the trademarks of others.

Technorati : Compliance, Log Management, Log Management & Intelligence

Posted March 10, 2008 6:00AM