LogLogic Announces Accelerated Growth in 3rd Quarter 2009

* Reuters is not responsible for the content in this press release.

Thu Oct 29, 2009 8:01am EDT

Bookings up 57% over Q2; New CEO Named; Board and Executive Team Expanded; 52
New Customers Added 
SAN JOSE, Calif.--(Business Wire)--
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.

Page One PR, for LogLogic
Ray George, +1-415-321-2344 

Copyright Business Wire 2009

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