ArchPoint Partners Acts as Sole Financial Advisor to Logi Analytics in $27.5M Funding Round
SAN FRANCISCO, CA, Oct 17, 2013 (Marketwired via COMTEX) --
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
About ArchPoint Partners
ArchPoint Partners (www.archpointpartners.com) 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.
About Logi Analytics
Logi Analytics (www.logianalytics.com) 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:
SOURCE: ArchPoint Partners
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