University College Dublin (UCD) has been shortlisted for the 2016 US-Ireland Research Innovation Awards. Developed in 2015 by the American Chamber of Commerce, Ireland and the Royal Irish Academy, the awards recognise and acknowledge exemplary ideas, originating in Irish organisations, making a social and economic impact through research innovation in meeting market needs.
UCD is among a shortlist of 6 in the Irish Higher Education Institution (HEI) Research Centre or Institute with US links category.
The University has been shortlisted in this category for its application by Professor John Murphy and Professor Liam Murphy from the Performance Engineering Laboratory (PEL) at UCD’s School of Computer Science.
The application outlined the impact of UCD’s decade-long research collaboration with IBM Dublin Software Lab. This collaboration resulted in the invention of the ‘Real Time Correlation Engine’ (RTCE) to analyse log files from several different sources to find patterns and symptoms that indicate malfunction.
Working with the technology transfer and enterprise development teams at NovaUCD, the RTCE was rapidly identified as being of high potential from a commercial point of view.
In 2010 Logentries, a UCD spin-out company was established by Dr Trevor Parsons and Dr Viliam Holub to commercialise the RTCE. Both Dr Parsons and Dr Holub had spent several years working on the RTCE project within PEL. Logentries went on to win the NovaUCD ‘Start-up of the Year Award’ in 2010, and was initially based at NovaUCD.
Following the raising of over $11 million in funding Logentries opened offices in Boston and Prague, to serve the American market and to capitalise on the Czech skills pool. In 2013 the co-founders received the NovaUCD 2013 Innovation Award in recognition of the global success and impact of Logentries in making log management and analytics accessible to virtually anyone.
In 2015, Logentries was acquired by Rapid7, a leading US security company, for $68 million. At the time of acquisition Logentries had 70 employees, was headquartered in Boston, with a research and development team in Dublin, and served more than 3,000 customers in more than 65 countries.
Professor Orla Feely, UCD Vice-President for Research, Innovation and Impact said, “I am delighted that the success and impact of UCD’s decade-long research collaboration with IBM, through UCD’s Performance Engineering Laboratory, in terms of academic, education, research and innovation metrics, has been recognised through the shortlisting for a prestigious 2016 US-Ireland Research Innovation Award.”
She added, “The Real Time Correlation Engine innovation was a flagship development for UCD. Not only did it provide real-world benefit to our industry partner IBM, but it also underpinned the establishment of a very successful UCD spin-out company which led to significant employment and investment in Ireland.”
Professor John Murphy, UCD School of Computer Science said, “We are delighted to have been shortlisted for this prestigious award which resulted from over 10-years of successful co-operation between academics and researchers at PEL and the IBM Dublin Software Lab. Uniquely, post-graduate and post-doctoral researchers from PEL spent significant time working within software development teams at IBM, to understand the problems and challenges that were most pressing and relevant for the global software industry.”
He added “This collaboration resulted in the invention and successful commercialistion of the Real Time Correlation Engine with significant global impact.”
The winners of three award categories will be announced at the 2016 American Chamber of Commerce Annual Dinner to be held in Dublin on 20 May next.