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LogicMonitor, Inc. Closes $130 Million Investment by Providence Equity Partners L.L.C.

LogicMonitor, Inc.

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 EstesDoug Hahn advised on intellectual property matters.