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LogLogic Experiences A Strong Q3 Bringing 3 Quarter Growth to Over 30% in 2010 - LogLogic®, the leader in SIEM and log management, today announced a solid close to its fiscal third quarter, marked by 30 percent growth over the first 9 months of the previous year
LogLogic Experiences A Strong Q3 Bringing 3 Quarter Growth to Over 30% in 2010

 

PRZOOM - /newswire/ - San Jose, CA, United States, 2010/10/06 - LogLogic®, the leader in SIEM and log management, today announced a solid close to its fiscal third quarter, marked by 30 percent growth over the first 9 months of the previous year. NASDAQ: TIBX

   
 
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This follows an impressive finish to its previous fiscal quarter, where overall bookings were up 25 percent in the second quarter of 2010 over the same period last year.

The quarter’s growth was highlighted by the continued expansion of LogLogic’s global customer base with the addition of nearly 50 new global customers, including Sheraton, Merrill Lynch, The Federal Aviation Administration, the U.S. Department of State, Hyundai and La Quinta Inns.

In Europe and Africa, the quarter’s notable customers included aerospace company EADS, La Banque Postale, Paysafecard, and the Bavarian State Tax Office, known in Germany as Bayerisches Landesamt Fur Steuern. Asia saw customer growth as well, including the addition of Toshiba in Japan.

“We’re pleased to announce positive results that clearly demonstrate our continued growth,” said CEO Guy Churchward. “Our Federal business again had its best quarter in company history, and our continued sequential growth speaks volumes about LogLogic, its execution, and its product offerings.”

In its fiscal Q3, LogLogic also successfully released the latest version of its Log Management product line, LogLogic 5. The release, which delivers 360 Insight for IT data, includes a new user interface and new abilities to collect and understand virtually any IT data.

In August, LogLogic announced its support for VMware vCloud™ Director. The announcement included details on LogLogic’s support for VMware’s products, as well as details on the collaboration between the two companies on providing proper diagnostic information from logs in virtualized environment. LogLogic has already seen successful deployments of its VMware-based products.

About LogLogic
LogLogic® (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.

All trademarks mentioned in this press release are the property of their respective owners.

 
 
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LogLogic Experiences A Strong Q3 Bringing 3 Quarter Growth to Over 30% in 2010

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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any LogLogic, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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