IT performance monitoring company LogicMonitor has received 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. Thomas Reardon, managing Director at Providence Strategic Growth will join the LogicMonitor board.
“We’ll continue aggressive investments in new product enhancements to meet the fast-evolving dynamics of highly-technical, complex, and large IT operations environments,” said Kevin McGibben, CEO of LogicMonitor.
LogicMonitor provides SaaS (Software as a Service)-based performance monitoring, offering solutions to monitor on-premise, cloud, and hybrid datacenters from a single platform.
LogicMonitor is used by JetBlue, Trulia, Citrix, Zendesk, Pacific Life, and National Geographic, according to the company.