Hello LogicMonitor Community,
Today we are thrilled to share with you that we have accepted a $130 million investment from Providence Strategic Growth, the growth affiliate of global private equity firm Providence Equity Partners. After careful planning and consideration, we are proud to announce this news and begin moving forward with this next phase of LogicMonitor’s growth.
Since our founding in 2008, LogicMonitor has built an extensive on-premises, cloud, and hybrid datacenter monitoring service, which has attracted a diverse customer base. With this new investment, we plan to accelerate our engineering and product growth even further, to meet the expanding demands of the fast-paced IT industry. We are thrilled for the technological, partner, and market growth opportunities that our partnership with PSG will bring.
In addition, we are proud to announce our new Director of Customer Success, Russell Gray. If you have questions about today’s announcement, feel free to reach out: [email protected].
We are grateful to have built such a strong LM Community and are excited about our next stage of growth, together.
Sincerely,
Kevin McGibben, CEO
Steve Francis, Founder and Chief Product Officer