Tibco finalises LogLogic buy

News by SC Staff

Tibco has announced that it has completed the acquisition of LogLogic.

Tibco has announced that it has completed the acquisition of LogLogic.

As previously announced by SC Magazine, the cloud software vendor is to acquire the log management firm to expand its operational intelligence offerings, offer users the ability to proactively monitor real-time events and move into the Big Data space.

Financial details of the deal have not been announced, and Tibco said that further integration details would be announced at a later date.

Murray Rode, chief operating officer at Tibco, said: “LogLogic unlocks for Tibco a significant new source of pure IT and system events. 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.”

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