Represented LogicMonitor, Inc. in a $130 million investment from Providence Strategic Growth (PSG), the growth equity affiliate of Providence Equity Partners, a global private equity firm with $45 billion in assets under management. The investment will be used to continue LogicMonitor’s global market expansion as the leading modern IT infrastructure performance monitoring solution.
Santa Barbara-based LogicMonitor creates SaaS-based performance monitoring solutions for modern IT infrastructures, including on-premise, cloud and hybrid datacenter monitoring from a single platform. LogicMonitor is used by companies such as JetBlue Airways Corp., Trulia Inc., Citrix Systems Inc. and SPS Commerce Inc., among others.
The Newport Beach-based team representing LogicMonitor included Craig Carlson and Jeff Estes. Doug Hahn advised on intellectual property matters.