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EventLog Analyzer

ManageEngine EventLog analyzer is licensed based on the number of log sources that are being added for monitoring.
Note: A log source could be a server (eg: Oracle server, MS SQL server) or a device (eg: router,switch) or an application (eg: active directory, IIS, Apache)

If you want to monitor an application and the server in which the application is installed, then you will be licensed for 2 log sources.