Loglogic’s new chief executive has unveiled bold plans to go public to help fulfil the log management vendor’s growth potential.
Patricia Sueltz, who took the reins in December, is convinced the vendor has ample headroom to grow with its channel partners as log management comes into vogue.
Loglogic has 25 UK partners, including large security integrators such as Integralis, and smaller boutiques such as Zepko and Care Tower.
“In 2006 no one was talking about log management, but in 2007 Gartner
received 200 calls about it,” said Sueltz.
She added Loglogic was doubling its sales every year, and would look to perform its initial public offering (IPO) in the next year to 18 months.
“I would be silly to like the IPO to happen in this type of market, but we want shareholder value for our customers and investors.”
Graham Jones, UK managing director of Integralis, said the vendor needs to be more visible to partners.
“We see Loglogic as a good technology, but it needs to get back into the field more,” he said.
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