LogiXML Raises $5 Million
Summary
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. “The market is recognizing the tremendous value proposition of our products and our unique server-based licensing model,” said LogiXML Founder and CEO, Arman Eshraghi. The addition of venture funding from a well respected firm like Updata Partners will allow us to dramatically accelerate our growth and overall market reach.” Logi 8 is the complete, unified, Web-based business intelligence platform developed by LogiXML now in use at customer sites around the world. The platform is equally valuable for independent software vendors who want embedded BI to achieve greater reporting functionality out of their applications. 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.
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