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LogLogic Names Three New Board Members Including its First Independent Director - Security expert points to critical inflection in log management evolution, with LogLogic leading the industry
LogLogic Names Three New Board Members Including its First Independent Director

 

NewswireToday - /newswire/ - San Jose, CA, United States, 2009/09/29 - Security expert points to critical inflection in log management evolution, with LogLogic leading the industry. NASDAQ: TIBX

   
 
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LogLogic®, the leader in log and security management solutions, today named three new members to the company’s board of directors, including Peter Goettner, Marc Verstaen and Deborah Rieman, the company’s first independent director.

Rieman, former CEO of Check Point Software Technologies Inc., noted, “When I first joined Check Point, their market was still young and nowhere near its potential. I recognized that the company had a fundamentally new approach to the problem, which later drove their rapid growth. I see LogLogic at a similar junction today as log management is a relatively young industry, poised to grow dramatically. LogLogic has built a unique framework from which to lead the market. I’m excited to join LogLogic at this pivotal moment in the company’s evolution.”

“We’re delighted to have three outstanding executives join our board and bring their experiences to help us continue building a great company,” said Guy Churchward, CEO of LogLogic. One of LogLogic’s greatest assets is the talent of our team, and I look forward to working with our board to unify the company toward an aggressive, strategic approach in this evolving market.”

The ability to collect, store, and categorize logs is the foundation of any comprehensive IT strategy. Log data can be utilized for a wide variety of business and security purposes – compliance attestation, security threat monitoring, fraud detection, forensic analysis, problem resolution, capacity planning and even business-intelligence. LogLogic is unique in the industry with its focus on an open log management platform. While others have “bolted on” log management as an afterthought to security management, LogLogic first and foremost delivers a scalable log base. This log base delivers a foundation for customers to effectively and efficiently collect log data once and re-use many times to suit their organization’s specific objectives. LogLogic enables the same log base to power industry-leading applications including LogLogic Security Event Manager (SIEM), LogLogic Database Security Manager (Database Activity Monitoring) and LogLogic Compliance Manager (Compliance Workflow Automation).

“Logs contain the wealth of information needed to understand what is actually going on in your IT systems. The data is there, but with the ever-multiplying volume of ‘big data’ in the enterprise, IT departments struggle to make sense of it all,” said LogLogic board member Marc Verstaen. “As this market matures, we will see log management expand to encompass everything on the network, with an unlimited number of applications built on top.”

The LogLogic board is now comprised of seven executives, including CEO Churchward and board chair Michael Goguen, general partner at Sequoia Capital. The new board members are:

• Peter Goettner, general partner at Worldview Technology Partners, replaces Worldview partner Mark Orsak. Goettner, who joined Worldview in 2003, brings more than 15 years of operational experience, including nearly a decade at the senior management level. His investments and board seats include PostPath (acquired by Cisco), Nsite (acquired by Business Objects), Bitpass (acquired by Digital River), Virtual Synaptics (acquired by Ignite IP), Delivery Agent, QSecure, and Emergent Game Technologies. He holds an MBA from Haas School of Business at UC Berkeley and a BS in Electrical Engineering from the University of Michigan.

• Deborah Rieman, appointed as an independent board member, is a managing partner of private hedge fund Equus Global Investments and former CEO of Check Point Software Technologies and vice president of marketing of Adobe Systems. A recognized expert in Internet and enterprise security, she holds a PhD in mathematics from Columbia University and a BA from Sarah Lawrence College. In addition to LogLogic, Rieman also serves on the board of directors for Corning, Inc. and Keynote Systems. Rieman has also served on numerous company boards over the past fifteen years.

• Marc 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. Verstaen is a former President of the French American Chamber of Commerce of San Francisco and a graduate of Paris Tech/ ENSTA.

About LogLogic
LogLogic® (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.

 
 
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LogLogic Names Three New Board Members Including its First Independent Director

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