Rick Caccia, the firm's vice president of product marketing, told Infosecurity that the $49.00 version of Logger will be a smaller edition of the software, licensed for one year.
Whilst the software limits the number of machines it will monitor to 10 and have a limit of 750 megabytes of data logs a day, the package will have all the features of the more expensive version, which prices in at $9000, he says.
"This isn't trialware - it's fully functional and will have all the usual support that ArcSight provides its customers", he said.
"We did a lot of research and realised that, if you offered the software for free you'd end up with a lot of fake names registering for the download. That's why we're charging a modest fee for the software, as users will register their real names", he explained.
ArcSight says that Logger 5.0 is the first universal log management product that unifies searching, reporting, alerting and analysis across any type of enterprise log data.
The firm claims that this makes it unique in its ability to collect, analyse and store massive amounts of data generated by modern networks.
In use, it is billed as supporting multiple deployment options and can be deployed as an appliance and as software. The software can also be deployed in a cloud computing environment, such as Amazon Web Services or via a virtual machine.