Lumigent Introduces Data Auditing for Oracle Databases to New Environments and Closes Follow-On Financing of $10 Million
Torsten Jacobi pointed out to me Lumigent's recent follow-on financing of $10 million by North Bridge and Greylock. Lumigent provides data Auditing on prominent databases (SQL Server, Oracle, and Sybase) in use and supports multiple operating systems. Additionally, earlier this month Lumigent announced Oracle support on HP-UX and AIX platforms (in addition to Windows & Solaris). All appear to be great signs for the company which secured $7 million in financing about a year and a half ago. To top off the fact that Sarbanes-Oxley compliance continues to be a top focus area for IT organizations, well the trend is Lumigent's friend.
Pricing for Lumigent's Entegra application also looks good for continued customer adoption. According to a press release:
"Entegra is a distributed application that is licensed based on number of servers hosting audited databases. A typical configuration for a single server begins at $20,000 for a base system. Additional servers begin at $10,000, depending on server configuration. Volume pricing discounts are available."
One key question in my mind is whether the value propsition of adopting best-of-breed data auditing solutions will continue or whether the database vendors will squeeze the best-of-breed players by adding on more auditing capabilities simply to stay competitive. Probably good news for Lumigent either way.