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LogLogic Banks $5.5M Series A, Names Steven West Interim CEO
By Emily Westhafer of The Venture Capital Analyst
3/1/2004
Sunnyvale, Calif. -- LogLogic, provider of secure appliances for real-time log analysis, is expected to announce it has raised $5.5 million in a Series A round and has named Steven West as interim CEO.

Sequoia Capital and Telesoft Partners co-led the round, which closed late last year. The company has devoted the funds to research and development, hiring, and sales and marketing. The company also said it has relocated its headquarters from St. Paul, Minn. to Sunnyvale, Calif. Mr. West said the funds should take the company through this year.

Mr. West assumed the interim CEO role in January. The CEO duties were previously handled by the company's co-founders, which include vice president of research and development Thomas Grabowski and vice president of business development Peter Jordan. Mr. West's former roles include COO at nCube, president and CEO of Hitachi Data Systems, and president and CEO of Entera.

Mr. West will help to "get the company going," he said. The company is conducting a search for a permanent CEO. After a new executive is brought on, Mr. West said it will be decided then whether he will have a continuing role at the company.

LogLogic's flagship product, LogAppliance, is a secure appliance that automatically consolidates large volumes of log data produced by network devices and then instantly generates comprehensive reports. Customers using the appliance include UAB Health Systems and Novo Nordisk IT. Mr. West said the appliance processes between 1,500 and 2,000 log messages per second. "We haven't seen a stand-alone appliance like we have," he said, though he added that companies like Network Intelligence and Protego Networks offer some of the same capabilities.

Founded in early 2002, the company has 30 employees and plans to add up to 10 more by the end of this year.

http://www.loglogic.com