Logi Analytics Secures $27.5M Investment
October 15, 2013
Funding Sets the Stage for New Products and Market Expansion
Logi Analytics, the authority on embedded analytics, 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.
“BI purchasing decisions have shifted from complex IT-driven platforms to simpler tools selected directly by the users who want to leverage data to improve performance,” said Jackson. “We’re excited to add LLR to our team of partners that support Logi Analytics with capital, access to talent and guidance on our growth strategy. By expanding into new markets and continuing to enhance our highly functional and easy-to-use technology, we can equip more enterprises with the ability to harness insights from their data through analytics.”
Logi Analytics previously raised $23.1 million from Updata Partners, Grotech Ventures and Summit Partners, who remain invested in the company.