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LLR Partners leads $27.5m round for Logi Analytics

15 Oct 2013

data_lrgPrivate equity firm LLR Partners has led a $27.5m funding round for embedded analytics specialist Logi Analytics.

Existing backer Updata Partners also participated in the round, which will help the company launch new products and expand into new markets.

Logi’s technology enabvles companies to analyze large volumes of data from disparate sources to make better business decisions and optimize performance.

The company previously raised $23.1m from Updata Partners, Grotech Ventures and Summit Partners.

LLR partner David Reuter said, “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.

“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.”

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