Logicworks Receives $7,600,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aaf8b41e-d72f-4fea-ac53-978c80493306&Preview=1 -
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
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Venture Investor
Seaport Capital
