Loggly Closes 2016 with 99% Revenue Growth
March 28, 2017
Grazed from Loggly
Loggly, the leading cloud-based, enterprise-class log management solution provider, announced several key company milestones today. Revenue increased by 99 percent in 2016, aided by a significant shift in the proportion of enterprise-level customers. The company also launched a new brand identity and website reflective of its growth and market penetration in the enterprise tier.
Customers in the game development and entertainment industry, as well as software-as-a-service, marketing, finance software platforms and e-commerce sites, use Loggly as their cloud-based log management service to aggregate all of their log data and turn large datasets into valuable insights in real-time.
Key Loggly milestones in 2016:
- Revenue up more than 99 percent
- Growth in number of Enterprise-tier accounts of approximately 300 percent
- Average revenue per customer grew by almost 40 percent
- 300 percent data volume growth among Enterprise accounts
- Closed $11.5 million in new financing
- Delivered a powerful integration with Atlassian JIRA Software to enable users to create an issue in JIRA Software from within Loggly with a single mouse click
- Delivered Gamut Search, the first log analysis technology specifically designed to respond instantly for searches over massive data volumes covering long time periods
“The past year was marked by dramatic increases in revenue and data volume. More customers are recognizing the unique value that Loggly offers, especially in a world of complex and expensive alternatives. Our product is getting better and better, and our customers are increasing their reliance on our platform,” said Charlie Oppenheimer, CEO of Loggly.