Headquartered in Santa Barbara, California, LogicMonitor has a Global Center of Customer Excellence in Austin, and offices in London, Boston, Singapore and Chengdu, the company says.Vista Equity Partners, meanwhile, is very familiar with MSP-oriented monitoring platforms. The private equity firm already owns the merged Datto and Autotask business.Describing today's deal, LogicMonitor CEO Kevin McGibben said:
“Vista enables some of the most impactful software companies on the market today to grow quickly while expanding innovation. Our platform delivers real-time performance visibility to IT operations so global enterprises, managed service providers, and modern web technology companies can scale to deliver superior products and services. This investment by Vista endorses the leadership position we’ve built to date, and provides us with an incredible opportunity to leverage their intellectual capital and portfolio of resources to continue to scale our own business."
Added Alan Cline, principal at Vista Equity Partners:
“LogicMonitor’s differentiated and high ROI solution is uniquely positioned to support complex corporate IT environments. We are thrilled to be partnering with the LogicMonitor team to further accelerate its product investment and its rapid growth trajectory as it supports companies that monitor increasingly complicated cloud and hybrid environments."
Joe Panettieri is co-founder & editorial director of MSSP Alert and ChannelE2E, the two leading news & analysis sites for managed service providers in the cybersecurity market.