ArchPoint Partners Acts as Sole Financial Advisor to Logi Analytics in $27.5M Funding Round
ArchPoint Partners Advised Logi Analytics in a $27.5 Million Capital Raise; New Investor LLR Partners Led the Round With Participation From Current Investor Updata Partners; Based in McLean, Virginia, Logi Analytics, Which Is Also Backed by Grotech Ventures and Summit Partners, Is a Provider of Embedded Analytics
(firmenpresse) - SAN FRANCISCO, CA -- (Marketwired) -- 10/17/13 -- Logi Analytics, the authority on embedded analytics, today announced that it has closed a $27.5 million growth equity investment led by new investor LLR Partners. Current investor Updata Partners also participated in the round. The growth capital will support Logi Analytics' launch of new products, further product development and expansion into new geographic and vertical markets. Logi Analytics provides clients the ability to analyze large volumes of data from disparate sources to make better business decisions and optimize performance. The company's products bridge the gap between traditional, complex BI platforms and self-serve analytic tools that often lack functionality. Logi Analytics' easy-to-use and cost-effective solutions allow users to quickly create, and deploy web-based BI and analytic applications that can be easily embedded into users' existing business applications, systems and processes.
"Business intelligence is no longer a nice-to-have. Logi Analytics gives companies of all sizes the affordable, scalable technology they need to make smarter business decisions based on real-time data," said David Reuter, partner at LLR. "Logi Analytics is a clear fit for LLR's technology portfolio as a high-growth company led by a seasoned management team that is disrupting the norm in the explosive business intelligence and analytics market."
IT research firm Gartner recently named Logi Analytics a "challenger" among Business Intelligence and Analytics Platforms based on its ability to execute and completeness of vision as the company continues to deliver on its value proposition of ease of use, rapid time to deployment, and embeddability.
Logi Analytics is led by President and CEO Brett Jackson, who has more than 25 years of experience leading high-growth, private equity-backed technology companies.
"Rob Louv and the team at ArchPoint proved invaluable to us in this process," said Jackson. "Their experience and investor relationships enabled us to achieve the outcome we were seeking."
Logi Analytics previously raised $23.1 million from Updata Partners, Grotech Ventures and Summit Partners, who remain invested in the company.
ArchPoint Partners () is consistently credited with market-leading financing and business combination outcomes in the technology and media sectors. ArchPoint leverages its combined experience in operations, strategy and investment banking to provide astute strategic advice for mergers, acquisitions, divestitures, spin-offs, private capital raising and restructuring. In addition, the firm provides both long-term and short-term board advisory services. ArchPoint is based in San Francisco, California and serves clients worldwide.
Logi Analytics () enables organizations to put real-time information to work by allowing users to create web-based BI and analytic applications that can be integrated directly within organizations' applications, systems, and processes -- all at a fraction of the cost of other solutions. Unlike traditional enterprise BI platforms that are complex, costly and lack agility, Logi Analytics' technology allows organizations to rapidly develop, deploy, and adapt applications to serve business users evolving needs. Logi Analytics is headquartered in McLean, Virginia, with sales and support offices in the UK serving Europe. The company is a privately held, venture-backed firm with investments from LLR Partners, Updata Partners, Grotech Ventures and Summit Partners.
If you'd like to learn more about this transaction, please contact one of the Managing Directors:
Rob Louv:
John Cooper:
Dan Williams:
Susan Blanco:
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Datum: 17.10.2013 - 18:59 Uhr
Sprache: Deutsch
News-ID 306937
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