TIBCO Software Inc. (NASDAQ: TIBX) today announced that it has completed the acquisition of LogLogic, Inc., a privately held company based in San Jose, California, that offers one of the industry’s leading scalable log and security management platforms specifically designed for the enterprise and cloud. The acquisition will expand TIBCO’s operational intelligence offerings while providing customers the ability to proactively monitor real-time events, assess risks, and address 21st century threats and opportunities often associated with ‘Big Data’. Total consideration paid was approximately $130 million.
“LogLogic unlocks for TIBCO a significant new source of pure IT and system events” said Murray Rode, Chief Operating Officer, TIBCO. “Together with our market-leading offerings in event processing and visual analytics, we see great potential to deliver a unique and even broader range of event-driven enterprise applications for cyber-security, operational risk, compliance, and more.”
Originally published on April 12, 2012.
