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Posts Tagged ‘operational’

LogLogic, a security and log management firm that helps companies sort though log data and manage their IT systems, has raised $8.8 million in an extended series D round of funding, led by Focus Ventures with Sequoia Capital, Telesoft Partners, Worldview Technology Partners, INVESCO Private Capital, SAP Ventures, CM-CIC Private Equity, Crédit Agricole Private Equity and ELAIA Partners participating. This brings LogLogic’s total funding to $58 million.

LogLogic plans to use the financing to fuel growth into new markets, including database activity monitoring. LogLogic recently acquired security management company, Exaprotect, for an undisclosed amount.

LogLogic offers companies a suite of software products that helps IT departments make sense of logs of IT audits, compliance, threats, and other operational data. Competitors in the secerity management space include RSA, IBM and ArcSight.

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Yandex Labs CEO Vish Makhijani, a former Yahoo executive, will be leaving his operational role at the company, we’ve learned, and will be taking a new “senior operating role” at fast growing Zynga. He’ll start at Zynga in June and will join the Yandex board of directors.

Makhijani joined Yandex, the largest Russian search engine, in June 2008, less than a year ago, to create Yandex Labs. The labs group is a Silicon Valley based tech and business development project with ten or so employees. Arkady Borkovsky, currently CTO of Yandex Labs, will be taking over the group.

It’s a little unusual that Makhijani would leave Yandex so soon after joining, given how well the company is doing. They filed to go public late last year on 2008 revenues of more than $300 million, but later pulled the registration statement. The company has 1,700 employees.

But Makhijani says he’ll continue to work with Yandex at the board level, and has accomplished much of what he set out to do with Yandex Labs. And he’s exciting about working with Zynga, which is clearly on IPO or big buyout track itself with annual revenue in the $100 million range.

Prior to Yandex Makhijani was SVP and General Manager of the Yahoo Search Group. He left amid the general chaos at Yahoo last year.

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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.

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