LogiXML Closes $10M Equity Financing

LogiXML, a McLean, VA-based provider of web-based business intelligence (BI) software, has closed a $10m growth equity financing.

The round was led by Summit Partners, with participation from existing investor Grotech Ventures.

The company intends to use the capital to accelerate its growth and expand adoption of its software.

Founded in 2000 and led by CEO Brett Jackson, LogiXML provides web-based business intelligence software, which allows IT professionals to create BI applications, deploy scalable dashboards and reports, and embed analytics into existing applications.

In conjunction with the funding, Michael Medici, a Vice President of Summit Partners, will join LogiXML’s Board of Directors.

FinSMEs

30/11/2011