Logicworks Receives $7,600,000 New Financing Round

  • Feed Type
  • Date
    4/5/2011
  • Company Name
    Logicworks
  • Mailing Address
    155 Avenue of the Americas Fifth Floor New York, NY 10013
  • Company Description
    Logicworks exclusively delivers enterprise hosting and cloud solutions to sophisticated, high-growth clients in need of high-availability for their most critical applications and content. Clients can reduce capital expenses, operating overhead and multi-vendor management by relying on Logicworks to be an extension of their technical operations.
  • Website
    http://www.logicworks.net
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $7,600,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The new capital will be used to support the growth of Logicworks’ cloud computing platform, infiniCloud(TM) , to expand sales and marketing initiatives, and to invest further in software development, for the benefit of the company’s media, financial services, healthcare, and SaaS clientele.
  • M&A Terms
  • Venture Investor
    Seaport Capital

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