![]() The transaction finalized and the company was taken private in May 2023. In February 2023, investment firm Francisco Partners agreed to acquire Sumo Logic for $1.7 billion. Sumo Logic was not a party to the criminal case, and no charges were ever brought, or claims made, against Sumo Logic. The evidence also showed that Sumo Logic was led to believe that there was no conflict with Kail’s obligations to Netflix and that Sumo Logic understood it was not guaranteed any contracts or provided any shortcuts. ![]() Evidence in the case shows that Kail insisted on Sumo Logic's products being used, "despite his IT team feedback about the product underperforming." Evidence presented at trial showed that Kail’s advisor role with Sumo Logic lasted from 2012 to 2014 and that Kail represented and warranted to Sumo Logic that his advisor role and receipt of options would not conflict with or violate any obligation of Kail’s. On 4th May 2021, the US Department of Justice announced that Michael Kail had been convicted on a number of counts related to the kick backs received from Sumo Logic and other vendors. According to the US Department of Justice, he "became an advisor and received options for shares in the company Sumo Logic" and "authorized and signed on behalf of Netflix a vendor agreement between Netflix and Sumo Logic". In 2021 it was revealed that Sumo Logic, along with other vendors, had a kickback agreement with Michael Kail, a former Netflix vice president of IT operations convicted of fraud for receiving bribes from vendors. As of May 2019, the company has collected VC funding totaling $345 million. This integration gives users the ability to create and analyze the alerts and incident data. In April 2019, Sumo Logic launched a bidirectional integration for Atlassian’s OpsGenie incident alert service. In September 2018, Sumo Logic announced the addition of a cloud SIEM solution to its machine data analytics platform. In 2018, Sumo Logic announced the expansion of integrations with the Google Cloud Platform, releasing integrations with GCP applications, and an integration with TensorFlow. The service streamlines data ingestion for Sumo Logic's machine data analytics service hosted on Amazon Web Services. Īt the AWS 2017 conference, Sumo Logic presented its machine data analytics service which combines analytics of Docker and Kubernetes. In 2016, Sumo Logic launched a data analytics platform that unifies logs and metrics to analyze structured metrics data and unstructured log data in real-time through graphical, interactive dashboards. In June 2012, Sumo Logic announced Sumo Logic Free, a freemium full functionality edition of its analytical solution that is deployed on Amazon Web Services, and in August 2012, the company announced Sumo Logic for VMware, which allows enterprises to search, visualize and analyze all VMware logs in real time so they can monitor and detect events within VMware virtual environments. Previously, Vance Loiselle, formerly of BladeLogic, was CEO between May 2012 and December 2014. ![]() Ramin Sayar, formerly of VMware, is Sumo Logic's CEO since December 2014. ![]() Sumo Logic was founded in 2010 by a technical leadership team with expertise in log management, scalable systems, Big Data and security. Sumo Logic was taken private by investment firm Francisco Partners in May 2023. Sumo Logic's service is powered by patent-pending Elastic Log Processing, LogReduce, and Push Analytics technologies. On September 17, 2020, Sumo Logic debuted on the NASDAQ stock exchange in its initial public offering as a public company. Sumo Logic was founded in April 2010 by ArcSight veterans Kumar Saurabh and Christian Beedgen, and is headquartered in Redwood City, California. It provides log management and analytics services that use machine-generated big data. is a cloud-based machine data analytics company focusing on security, operations and BI use-cases.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |