LLR and Updata Invest $28M in Logi Analytics
Private equity firms LLR Partners and Updata Partners have closed a $27.5 million investment in Logi Analytics.
Logi, headquartered in McLean, Va., develops products that aim to allow clients to analyze large amounts of data to make business decisions.
The company previously received a $23.1 million investment from Updata, Grotech Ventures and Summit Partners.
LLR Partners is a middle market private equity firm headquartered in Philadelphia that focuses on investments in the business services, education, financial services, health care, security and information technology sectors. The firm announced an investment in Physicians Immediate Care LLC in July.
Washington, D.C.-based Updata invests in software and technology-driven business services companies.
For more on LLR see “3Qs With … Christian Bullitt, LLR Partners.”