IT News Updates: Cisco Systems, Inc. (CSCO) on Log Management, Hewlett-Packard Company (HPQ)’s New Contract, International Business Machines Corp. (IBM)’s Engagements

Editor’s Note: Cisco Systems, Inc. (NASDAQ:CSCO), Hewlett-Packard Company (NYSE:HPQ), International Business Machines Corp. (NYSE:IBM)

Cisco pours cash into log management startup (The Register)
A remotely hosted log management company has garnered $10.5m in filthy valley lucre from Cisco Systems, Inc. (NASDAQ:CSCO), Data Collective Venture Capital, and others. The funding round brings Loggly’s total funding to date to $20.9m. The company’s hosted service lets companies upload server log files into a central repository, where they can then run analysis upon them via Loggly’s tech which is built partially on the open source ElasticSearch and Lucene technologies.

Cisco Systems, Inc. (NASDAQ:CSCO)

Hewlett-Packard Wins Fiscal Agency Contract in Rhode Island and 2 Other Dow Movers to Watch (Wall St. Cheat Sheet)
Hewlett-Packard Company (NYSE:HPQ) on Tuesday announced that the Rhode Island Executive Office of Health and Human Services has OK’d a $89.9 million five-year contract for HP to continue as the fiscal agent for Rhode Island’s Medicaid program and additional state departments. Through the terms of the extension, HP will implement several enhancements to existing state systems, including migration of Rhode Island’s Medicaid data center operations to a cutting-edge Hewlett-Packard Company (NYSE:HPQ) data center. The accord also contains three option years that are not included in the contract value.

IndusInd Bank Turns to IBM to Deepen Customer Relationships (Market watch)
International Business Machines Corp. (NYSE:IBM) today announced a First-of-a-Kind (FOAK) engagement with IndusInd Bank, a Mumbai-based, new generation private bank that offers retail, commercial, transactional and electronic banking products and services. IBM will provide innovative technology to enable IndusInd Bank to deepen customer relationships by delivering personalized, location-based recommendations and offers in real time.

Cisco Backs Loggly; Watch Out VMware (Information Week)
If log file management is a big data problem, Loggly wants to be the answer. So far, however, it’s found the ranks of its competitors swelling. The most recent entrant was VMware, which entered the list July 11 with general availability of vCenter Log Insight. In its latest round of financing, Loggly found a new backer: Cisco Systems, Inc. (NASDAQ:CSCO). If VMware believes log file management is one of the keys to the virtualized network and data center, Cisco apparently does too. Loggly, a 23-employee company, recently raised $10.5 million, for a total of $20.9 million so far, from a group of backers that included Cisco and Data Collective Venture Capital, Loggly said Tuesday. Data Collective was an early backer of Couchbase and MemSQL.

Monitise Teams with IBM To Help Visa Europe Accelerate New Mobile Commerce Services in the Cloud (PR Newswire)
International Business Machines Corp. (NYSE:IBM) and Monitise today announced an agreement that boosts Visa Europe’s ability to provide its member banks with new mobile banking, payment and commerce services in the cloud for its customers. IBM will help Monitise extend and scale the adoption of these services with Visa Europe and develop additional services to bring to the mobile marketplace.