Wednesday, April 22, 2009

LogLogic Buys Exaprotect

LogLogic, a publisher of log, compliance and security management software, announced Wednesday that it has agreed to acquire Mountain View-based Exaprotect, a privately held developer of enterprise security management applications. Financial terms of the deal were not disclosed. According to San Jose-based LogLogic, the acquisition will further its corporate strategy and boost its market presence. LogLogic noted that, pending approval, it expects to have a combined customer base of more than 1,100 enterprise and service provider customers. LogLogic added that it plans to retain the Exaprotect team and that the deal should close later this quarter.