$re = '/:\s+(?<a>[^ ]+)\s+-\>\s+(?<b>[^ ]+)\s+Failure/m';
$str = 'Service ABCD(blabla_blabla): 365.45.1.87.3.60354 -> remote.234.5 Failure
Service DERF(blabla_blabla): remote.567.9 -> remote.284.9 Failure';
preg_match_all($re, $str, $matches, PREG_SET_ORDER, 0);
// Print the entire match result
var_dump($matches);
Please keep in mind that these code samples are automatically generated and are not guaranteed to work. If you find any syntax errors, feel free to submit a bug report. For a full regex reference for PHP, please visit: http://php.net/manual/en/ref.pcre.php