News
News
9/27/2004
04:48 PM
Connect Directly
RSS
E-Mail
50%
50%

Security Vendors Land $11 Million In Funding

With compliance and security issues high on IT management's priority list, LogLogic and MX Logic attract the attention of venture capitalists.

Log-data-analysis and -retention appliance maker LogLogic Inc. and managed E-mail-security and spam-services provider MX Logic Inc. each raised $11 million in equity funding Monday.

This summer LogLogic unveiled a line of appliances that help companies better manage their efforts to stay in compliance with such regulations as Sarbanes-Oxley and the Health Insurance Portability and Accountability Act.

The company's "LX" appliances collect performance and event information from devices such as servers, network switches, and firewalls. The collected information can then be analyzed to spot potential security, performance, and compliance problems. The company also makes a line of "ST" appliances, which offer archival log storage of up to 20 terabytes.

This is LogLogic's second round of funding this year. In April, the company revealed a series A round worth $5.5 million, bringing its total investment to $16.5 million. This round included investments from Sequoia Capital, Telesoft Partners, and Worldview Technology Partners.

MX Logic provides E-mail security services that block spam, viruses, and E-mail worms. MX Logic competes with other E-mail security providers such as FrontBridge, Mailblocks, MessageLabs, Postini, and Symantec.

MX Logic's $11 million round was led by UV Partners.

Comment  | 
Print  | 
More Insights
IT's Reputation: What the Data Says
IT's Reputation: What the Data Says
InformationWeek's IT Perception Survey seeks to quantify how IT thinks it's doing versus how the business really views IT's performance in delivering services - and, more important, powering innovation. Our results suggest IT leaders should worry less about whether they're getting enough resources and more about the relationships they have with business unit peers.
Register for InformationWeek Newsletters
White Papers
Current Issue
InformationWeek Government Tech Digest Oct. 27, 2014
To meet obligations -- and avoid accusations of cover-up and incompetence -- federal agencies must get serious about digitizing records.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Archived InformationWeek Radio
A roundup of the top stories and community news at InformationWeek.com.
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.