Tibco's acquisition of the US-based data security company provides an exit for Germany-based software company SAP's corporate venturing unit.

LogLogic, a US-based data security company backed by Germany-based software company SAP’s corporate venturing unit, was sold to US-based software company Tibco on Tuesday last week for an undisclosed sum.

More than 1,000 companies globalally store their IT data using LogLogic’s products, including Europe-based aerospace companies Astrium and EADS.

LogLogic raised $8.8m in its series D round in 2009, which took it to $58m raised in total.

The series D was led by Focus Ventures and included SAP Ventures,…