Loggly reaches 2,000 paid customer milestone in Q1 2016

Loggly, a cloud-based, enterprise-class log management solution provider, has doubled the number of paid accounts from the end of 2014 through the end of the first quarter 2016, reaching the 2,000 paid customer mark while the number of total users more than doubled to over 75,000, the company said.

Customers in the gaming and entertainment industry as well as marketing and finance platforms, use Loggly as their cloud-based log management service to aggregate all logs in one central place and turn large amounts of log data into valuable insights in real-time.

Recurring revenue for the company is up more than 270 percent with an increase in data volume management reaching 330 percent. The percentage of new recurring revenue from accounts paying more than USD1,000 per month more than tripled, growing from four percent of revenue additions to 48 percent.

Loggly empowers creators and operators of cloud-based services to operate flawlessly and deliver experiences by knowing what´s going on with their applications and why. The company´s cloud-based log management solution crunches through huge volumes of log data.