What Company is Offering:
LogiXML, the leader in interactive, Web-based Business Intelligence empowers enterprises to turn data into business-critical information with pure Web-based reporting and analysis products. The Company offers a comprehensive platform that addresses all key areas of BI - managed reporting, ad hoc reporting, analysis and data services. Used by thousands of organizations worldwide, LogiXML products are built on standards-based technologies for easy integration, implementation and upgrade. LogiXML's per server pricing model makes its powerful technology the most affordable BI solution on the market.
How Much They Got From VCs:
LogiXML, Inc. , the leader in Web-based Business Intelligence announced that it has secured $5 million from Updata Partners. The company has enjoyed dramatic growth over the last three years and is now adding venture funding to take advantage of domestic and international market opportunities for the Logi 8 Business Intelligence platform. In conjunction with the funding, Carter Griffin, Partner at Updata Partners, has joined LogiXML's Board of Directors.
About VCs:
Based in Reston, Virginia and Edison, New Jersey, Updata Partners is a leading venture capital firm that invests in growth stage information technology companies with innovative intellectual property enabling market-leading products and services. Led by an investment team averaging more than 20 years of operational and private equity experience in the technology industry, Updata Partners seeks investments where the combination of our financial backing and operating expertise will accelerate growth. With nearly $500 million under management, the firm also selectively provides recapitalization and management buyout financing. For more information, visit www.updatapartners.com.
Recent Achievements:
The Web Marketing Association has awarded LogiXML, Inc. a 2007 WEBAWARD for Outstanding Achievement in Website Development in recognition of the graphical, technical and usability features of the www.logixml.com Web site.
More at:www.logixml.com
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