Logicworks, a New York-based provider of enterprise hosting and cloud computing solutions, has raised $7.6m in growth financing from Seaport Capital, LLC.The company intends to use the capital to advance its cloud computing platform, infiniCloudTM, expand sales and marketing initiatives, and invest further in software development..
Led by President and COO Kenneth Ziegler and founder and CSO Carter Burden, Logicworks provides its media, financial services, healthcare, and SaaS clientele with enterprise hosting and cloud solutions, which are designed to reduce capital expenses, operating overhead and multi-vendor management.
In conjunction with the funding, Bill Luby, a founding partner of Seaport, will join the company’s Board of Directors along with Ziegler and Burden.
FinSMEs
05/04/2011