LogLogic, a security and log management firm that helps companies sort though log data in their IT systems, has acquired security management company, Exaprotect, for an undisclosed amount. Exaprotect’s software monitors and manages companies’ IT security threats and breaches.
LogLogic, a Sequoia and SAP Ventures-backed private company, offers companies a suite of software products that helps IT departments make sense of logs of IT audits, compliance, and threats, other operational data. Customers can also build their own applications and workflow from LogLogic’s log management software. LogLogic has nearly 800 customers. LogLogic is hoping that this acquisition will help the company edge out competitors RSA, IBM and ArcSight for market share in the security management space.
Exaprotect brings to the table 200 big-name customers, which include Visa, Turner Broadcasting and Apple. And Exaprotect’s security breach prevention and management technology will be added to LogLogic’s roster of IT management services.
LogLogic has received $49.2 million in venture funding from Sequoia Capital, SAP Ventures, Focus Ventures, TeleSoft Partners, Worldview Technology Partners and Invesco Private Capital.