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Sumo Logic Appoints Vance Loiselle as Chief Executive OfficerSoftware Veteran Joins Cloud Log Management Startup Leveraging Big Data to Solve IT Challenges (May 23, 2012)
MOUNTAIN VIEW, CA -- (Marketwire) -- 05/23/12 -- Sumo Logic, the log management and analytics company, today announced the appointment of Vance Loiselle as President and CEO. The software industry veteran brings a proven track record of turning disruptive products and services into high growth businesses. Sumo Logic marks Loiselle's next entrepreneurial venture since co-founding BladeLogic, where he gained a deep understanding of how to address application and infrastructure problems at large scale. Blade Logic was sold to BMC for over $800 million.
"Vance understands scale. He has impeccable instincts and a proven track record in taking a compelling technology that solves the biggest enterprise problems and transforming it into a high-growth company primed for rapid expansion. We are delighted that he is bringing his unique skill set and business savvy to Sumo Logic," said Mike Speiser, Managing Director, Sutter Hill Ventures. "His leadership, in concert with the groundbreaking vision of Sumo Logic's founding team, will be instrumental in ensuring the company achieves aggressive growth and continues to disrupt the market."
With more than 20 years of experience and a track record of building successful enterprise software, services and hosting companies, Loiselle brings deep domain and leadership expertise to the Sumo Logic team. He was most recently VP of Global Services at BMC Software, where he grew revenue by 48 percent in 18 months and managed teams of more than 600 people. Prior to his tenure at BMC Software, Loiselle co-founded BladeLogic and held the role of VP of Operations until its acquisition by BMC Software. Loiselle's roots are in field operations, product marketing and sales in the infrastructure space, and he led BladeLogic through many years of growth while maintaining impeccable customer satisfaction. He has also served as Director of Hosting Solutions at Breakaway Solutions.
"I've watched the Big Data category with great interest for some time now. What impressed me most about Sumo Logic was how its cloud log management platform can handle the fastest growing segment of Big Data, machine data, in real time with unmatched scale and intelligence, enabling customers to quickly gain insights on IT applications, operations and security issues," said Vance Loiselle, Sumo Logic CEO. "We believe it will completely transform how companies manage IT."
Sumo Logic, launched in January 2012, has been recognized for its groundbreaking technology. The company has been honored as a Red Herring finalist, received the Judge's Choice and Audience Choice Awards for Performance Monitoring at Under the Radar, and earlier this year, the company was named one of RSA's top ten finalists for the Most Innovative Company at RSA.
About Sumo Logic
Sumo Logic is the next generation log management and analytics company that leverages Big Data for real-time IT insights. The company's cloud-based service provides customers with real-time interactive analytics at unprecedented petabyte scale. The Sumo Logic service is powered by patent-pending Elastic Log Processing and LogReduce technologies, and transforms log data into actionable insights for IT operations, application management, and security and compliance teams. Unlike expensive and complex premise-based solutions, the Sumo Logic service has a low TCO, can be deployed instantly, scales elastically and requires zero maintenance. The company is based in Silicon Valley and is backed by Greylock Partners and Sutter Hill Ventures. For more information, visit www.sumologic.com.
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