From the Wires
LogLogic Announces Accelerated Growth in 3rd Quarter 2009
Oct. 29, 2009 08:24 AM
LogLogic®,
the leader in log and security management solutions, today announced the
company set new growth records in the third quarter of 2009. Bookings
grew 57% over Q2 2009 and the company added 52 new customers worldwide.
In addition to accelerated growth in revenues and customers for the
quarter, LogLogic also named Guy Churchward as the new CEO, expanded the
company’s board of directors, named two new vice presidents to the
management team, announced new product upgrades, and issued two industry
white papers on the latest trends in compliance and security in the
energy and healthcare sectors.
“LogLogic’s performance this quarter demonstrates our strength in
delivering industry-leading solutions for compliance and security,”
Churchward said. “Year over year revenue growth demonstrates our
passionate commitment to innovation and enabling our customers’ success.
It’s great to see solid results during an extraordinary time of economic
uncertainty for so many.”
LogLogic added 52 new customers in the third quarter, including
Christiana Care Health System, Glendale Water & Power, the Library of
Congress, SITA, the U.S. Nuclear Regulatory Committee, and WinTrust
Financial Corporation, to name a few.
In addition to Churchward, who joined the company as CEO in August 2009
from NetApp, LogLogic also appointed two new vice presidents in the
third quarter: Matt Galligan and Bob Hornsby.
Galligan, responsible for federal sales, brings 25 years of sales
experience and has served as vice president of federal sales for McAfee
and Secure Computing Corporation. Hornsby, responsible for North
American channel sales, has held senior sales management roles with
Secure Computing, Phoenix Technologies and Sonic Solutions.
LogLogic also named three new members to the company’s board of
directors, including Peter Goettner, Deborah Rieman and Marc Verstaen.
Goettner, general partner at Worldview Technology Partners, replaces
Worldview partner Mark Orsak on the board. Rieman, managing partner of
private hedge fund Equus Global Investments and LogLogic’s first
independent director, is the former CEO of Check Point Software
Technologies and vice president of marketing of Adobe Systems. Verstaen,
founder and CEO of Lorienne S.A., a leader in map authoring tools, and
founder and CEO of Beatware, a software company specializing in data
representation for the Web and mobile devices (acquired by Hyperion),
currently serves as Engineering Manager at Apple.
Among upgrades in the company’s product line up, LogLogic shipped NERC
Compliance Suite 1.0 and LSP 14. LogLogic NERC Compliance Edition is a
packaged collection of reports and alerts to help manage the exposure
risks of critical assets under the North American Electric Reliability
Corporation (NERC) Critical Infrastructure Protection (CIP) standards.
It provides more than 75 reports and 170 alerts to help establish a
repeatable, faster compliance process and control the costs of
non-compliance risks and fines. The suite complements the LogLogic LX/ST
Log Management and the Security Event Manager products that are key
components to implementing a successful NERC compliance program.
Log Source Packages (LSP) are quarterly software updates for log
management appliances in the field, providing additional support for new
log sources and updated support for existing log sources. LSP 14 now
adds support for Microsoft Operations Manager 2005 and the General
Database Collector for Oracle, as well as updating support for Windows
Server 2008 and Secure Computing G2 Sidewinder.
In August 2009, LogLogic released a report detailing information about
IT security industry benchmarks and best practices for the energy sector
as practiced by security professionals from a variety of energy and
utilities companies throughout the United States, with a focus on
challenges associated with NERC. For a report copy, please visit http://www.loglogic.com/resources/white-papers/securing-critical-infrastructure/
In October, LogLogic partnered with the Ponemon Institute to issue an
independent national survey of healthcare IT security professionals that
shows patients may be surrendering their privacy as the $2.5 trillion
medical industry – prompted by federal stimulus funding – pushes to
accelerate the pace of digitizing health information records. For a
report copy, please visit www.loglogic.com/resources/analyst-reports/ponemon-electronic-health-info-at-risk/
About LogLogic
LogLogic® (www.loglogic.com)
is the leader in log and security management solutions. Supported by
more than 200 partners and trusted by more than 1,000 customers
worldwide, LogLogic solutions provide visibility and control to any IT
infrastructure so that organizations can significantly improve security,
compliance and network performance. LogLogic's open log management
platform enables customers to collect, search and store massive amounts
of IT log data from a myriad list of devices and applications for a
comprehensive fingerprint of past and current activity, through one
convenient, easy-to-use web-based user console. LogLogic’s business
applications correlate user activities and event data in real-time for a
uniquely integrated approach to security event management, database
security management, security change management and compliance
management, resulting in improved accountability and lower costs for
organizations of all sizes.
Check out LogLogic products at www.loglogic.com/logpower
and follow LogLogic on Twitter at www.twitter.com/loglogic.
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