Logi Analytics recently announced that they’ve been acquired by Los Angeles-based investment firm Marlin Equity Partners. Marlin has completed more than 100 acquisitions, and touts $6.7 billion in capital under management. The firm is heavily invested in five industries, one of them being software and technology. The purchase price has not been disclosed.
According to Jonah Sulak, a partner at Marlin: “Logi has consistently maintained its position as the industry-leading embedded analytics software platform. Logi is ideally positioned to lead and bring innovations to an increasingly software-driven world and we look forward to supporting the company during its next phase of growth.”
Logi’s primary offering is an embedded analytics platform that connects to relational databases, big data sources, web services, cloud applications, and proprietary data sources. They currently have 1,800 customers and are recognized as one of the leaders in enterprise BI and analytics software.
In a press statement, Logi’s CEO Steven Schneider spoke to the announcement: “Our vision is helping product leaders and developers build smarter software applications that help users make better decisions. We are excited to begin our next chapter of growth and leverage Marlin’s expertise and operational resources to accelerate the delivery of our innovative products to application teams across the globe.”
Logi Analytics was named a niche player in Gartner’s Magic Quadrant for Business Intelligence and Analytics Platforms earlier this year.
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