LogLogic to be acquired by cloud specialist Tibco
Cloud computing infrastructure software vendor Tibco has announced plans to acquire log management specialist LogLogic.
The acquisition of the log and security management platform vendor will expand Tibco's operational intelligence offerings while providing customers with the ability to proactively monitor real-time events, assess risks and address current threats and opportunities. It will also expand its capabilities in event processing and in-memory analytics to meet Big Data challenges.
Financial terms of the deal were not disclosed.
The past two years have seen many security information and event management (SIEM) vendors acquired, with NitroSecurity now part of McAfee (therefore Intel), Q1 bought by IBM and ArcSight snapped up by HP.