Friday, October 3, 2008

LogiXML is Web-based Business Intelligence

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 users worldwide, LogiXML products are built on standards-based technologies for easy integration, implementation and upgrade.

How Much They Got From VCs:

LogiXML, Inc., the leader in purely web-based, truly unified Business Intelligence (BI) reporting, dashboard, and analysis solutions announced today that it has secured $3 million from Grotech Ventures. This funding brings total investments in the company to $8 million, including an earlier round from Updata Partners, which has been leveraged in support of LogiXML's explosive growth. Additionally, Grotech Ventures General Partner, Steve Fredrick will join LogiXML's Board of Directors.

"Grotech's strategy is to invest in high-potential technology companies and work as their partner toward continued growth," said Fredrick. "Along with our capital investment in LogiXML, we will work hands on with the management team and the board of directors to lend expertise on strategic issues, new business development, and most any other industry challenge.


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