LogLogic, an enterprise-class platform, on Monday said it secured an investment from SAP Ventures, the venture capital arm of SAP AG (SAP). According to LogLogic, with this investment, SAP Ventures joins Series D investors Focus Ventures, Sequoia Capital, Telesoft Partners, Worldview Technology Partners, Invesco Private Capital and others in the latest investment round, which now amounts to $15 million.
LogLogic's log management platform and compliance applications improve the security, availability and compliance of heterogeneous IT environments. Log data records hold a complete audit trail of user and system activity. While access control systems can tell who should have access or authority to do what, log data shows who is doing what.
Log management solutions act as the digital surveillance camera of the virtual enterprise and can be a compensating control before, during or after the deployment of segregation of duties controls.
According to Andreas Weiskam, Partner at SAP Ventures, SAP customers are strongly interested in Governance, Risk and Compliance and we believe LogLogic's user activity monitoring technologies could complement the growing SAP applications portfolio in this important growth market.
SAP is currently trading at $48.96, up $0.61 or 1.26%, on 1.38 million shares.
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