LogLogic To Acquire ExaprotectLogLogic To Acquire Exaprotect
New capabilities will enable customers to collect logs and security events required for regulatory compliance, prioritize them according to threat level, and detect and protect against incoming attacks
April 23, 2009
SAN JOSE, Calif. --(Business Wire)-- Apr 22, 2009 LogLogic', the log management leader, today announced that it has signed a definitive agreement to acquire all of the outstanding securities of privately held Exaprotect. Subject to customary closing conditions, the acquisition is expected to be completed in the second quarter of 2009. Exaprotect is a recognized innovator of enterprise security, threat and security configuration change management solutions that will advance LogLogic's strategy to create the industry's most complete security management suite powered by log data. The deal is expected to significantly increase LogLogic's market presence, bring the combined customer base to over 1,100 enterprise and service provider customers and enhance LogLogic's global presence and distribution channels. Additional perspective on today's news from LogLogic and Exaprotect executives can be found on LogLogic's blog.
"The Exaprotect acquisition will be a major milestone for LogLogic as well as for the industry as a whole," said Pat Sueltz, CEO of LogLogic. "We believe that the acquired products, combined with our recent announcement of new compliance management and database security products, form the industry's most comprehensive security management suite. LogLogic will be the only company selling the gamut from threat detection, security configuration change management, security event correlation, compliance workflow automation and database monitoring, integrated with our leading open log management platform."
"I am excited to join forces with LogLogic," said Jean-Francois Dechant, CEO of Exaprotect. "Together LogLogic and Exaprotect will break through major barriers in the security industry, unifying historically disparate point solutions and taking the industry from passive security monitoring to truly pro-active security management. The combined global reach and technology portfolios of our companies will benefit customers globally, close the security management loop and significantly increase operational efficiencies."
The Exaprotect acquisition exemplifies LogLogic's "no log left behind" strategy to move quickly into new markets and capture additional market share. The acquisition is also expected to create significant opportunities for LogLogic and its partners to help customers improve their overall operational efficiency and performance in managing security alerts and data breaches. The new capabilities will enable customers to collect the logs and security events required for regulatory compliance, prioritize them according to threat level and immediately detect and protect against incoming attacks.
"This is an aggressive move by LogLogic to jump the line between log management and enterprise security information management," said Nick Selby, Vice President and Research Director, Enterprise Security Practice at industry analyst firm The 451 Group. "Our research shows ESIM users are placing increasing emphasis on the log management side of the equation. For LogLogic, Exaprotect offers a smooth transition to full-blown ESIM as the two have integrated many aspects of their products in a previous partnership. Exaprotect also gives LogLogic some valuable property on the network infrastructure management side of the house with the Solsoft product line which Exaprotect bought in 2006."
LogLogic initially partnered with Exaprotect to roll out LogLogic Security Event Manager. The acquisition of Exaprotect will add security configuration change management functionalities to the company's portfolio of log-powered applications and is expected to be generally available as LogLogic Change Manager as soon as the acquisition closes. In addition, upon the closing of the acquisition, the Exaprotect team is expected to become part of LogLogic. The acquisition of all outstanding securities of Exaprotect is subject to various standard closing conditions and is expected to close later this quarter.
LogLogic' (www.loglogic.com) is the leader in log management, compliance management and security management solutions designed to improve accountability and lower costs for organizations of all sizes. LogLogic's unique open log management platform enables customers to collect, search and store 100 percent of IT log data for a comprehensive fingerprint of past and current activity across any organization. Powered by the industry's leading open log management platform, LogLogic's business applications correlate user activities and event data in real-time for a unique integrated approach to security event management, database security management and compliance management with industry and government regulations. Check out LogLogic products at http://loglogic.com/logpower and follow LogLogic on Twitter at http://twitter.com/loglogic.
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