LogLogic, a US-based data security company backed by Germany-based software company SAP’s corporate venturing unit, was sold to US-based software company Tibco on Tuesday last week for an undisclosed sum.
More than 1,000 companies globalally store their IT data using LogLogic’s products, including Europe-based aerospace companies Astrium and EADS.
LogLogic raised $8.8m in its series D round in 2009, which took it to $58m raised in total.
The series D was led by Focus Ventures and included SAP Ventures, Invesco Private Capital, an investment unit of the UK and South Africa-based bank, as well as venture firms Sequoia Capital, Telesoft Partners, Worldview Technology Partners, Invesco and former shareholders of Exaprotect, a France-based date security company which sold to Loglogic in 2009. These shareholders included bank investment units CM-CIC Private Equity, Crédit Agricole Private Equity and venture firm Elaia Partners.