About LogicNow
LogicNow is a company based in Dundee (United Kingdom) founded in 2004 was acquired by SolarWinds in June 2016.. LogicNow has raised $82.2 million across 2 funding rounds from investors including SolarWinds. The company has 250 employees as of December 31, 2021. LogicNow has completed 2 acquisitions, including IASO Backup and iScan Online. LogicNow operates in a competitive market with competitors including Cherwell, Ivanti, Landesk, Matrix42 Benelux and 4me, among others.
- Headquarter Dundee, United Kingdom
- Employees 250 as on 31 Dec, 2021
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name N-Able Technologies Ltd
- Date of Incorporation 14 Jul, 2003
- Jurisdiction EDINBURGH, SCOTLAND
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Annual Revenue
$162.41 M (USD)15as on Dec 31, 2020
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Net Profit
$27.46 M (USD)20as on Dec 31, 2020
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EBITDA
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Total Equity Funding
$82.2 M (USD)
in 2 rounds
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Latest Funding Round
$27.58 M (USD), Series B
Oct 02, 2015
- Investors
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Employee Count
250
as on Dec 31, 2021
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Investments & Acquisitions
IASO Backup
& 1 more
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Acquired by
SolarWinds
(Jun 01, 2016)
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Funding Insights of LogicNow
LogicNow has successfully raised a total of $82.2M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $27.58 million completed in October 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $27.6M
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First Round
First Round
(13 Jan 2014)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series B - LogicNow | Valuation |
investors |
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| Jan, 2014 | Amount | Series A - LogicNow | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LogicNow
LogicNow has secured backing from 1 investor. Prominent investors backing the company include SolarWinds. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Cloud-based monitoring and tracing of hybrid application performance are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by LogicNow
LogicNow has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include IASO Backup and iScan Online. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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BYOD devices are scanned for vulnerabilities, compliance, and data discovery.
|
2012 | ||||
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Cloud data backup and disaster recovery solutions are provided.
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LogicNow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Logicnow Comparisons
Competitors of LogicNow
LogicNow operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cherwell, Ivanti, Landesk, Matrix42 Benelux and 4me, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IT service and asset management is enabled with mApps integration.
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| domain | founded_year | HQ Location |
Cloud-based IT asset and service management software is offered.
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| domain | founded_year | HQ Location |
IT asset management and endpoint security solutions are offered.
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| domain | founded_year | HQ Location |
IT and enterprise service management software is provided for businesses.
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| domain | founded_year | HQ Location |
SaaS-based ITSM and enterprise service management solutions are provided.
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| domain | founded_year | HQ Location |
Low-code and no-code platform for intelligent business automation is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about LogicNow
When was LogicNow founded?
LogicNow was founded in 2004 and raised its 1st funding round 10 years after it was founded.
Where is LogicNow located?
LogicNow is headquartered in Dundee, United Kingdom. It is registered at Dundee, Scotland, United Kingdom.
Is LogicNow a funded company?
LogicNow is a funded company, having raised a total of $82.2M across 2 funding rounds to date. The company's 1st funding round was a Series A of $54.62M, raised on Jan 13, 2014.
How many employees does LogicNow have?
As of Dec 31, 2021, the latest employee count at LogicNow is 250.
What is the annual revenue of LogicNow?
Annual revenue of LogicNow is $162.41M as on Dec 31, 2020.
What does LogicNow do?
Founded in 2004 and based in Dundee, United Kingdom, integrated cloud-based IT service management solutions are delivered through the MAX platform. Components such as Risk Intelligence, Remote Management, Backup, Mail, and Service Desk are included. A layered security suite is offered, featuring LOGICcards, which utilizes collective intelligence and machine learning for IT notifications. Operations focus on the IT sector with emphasis on comprehensive service integration.
Who are the top competitors of LogicNow?
How many acquisitions has LogicNow made?
LogicNow has made 2 acquisitions, including IASO Backup, and iScan Online.
Who are LogicNow's investors?
LogicNow has 1 investor. Key investors include SolarWinds.
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