mLogica, Inc., a Henderson, Nevada-based provider of enterprise, mission critical, Cloud modernization solutions, received a strategic investment SHI International, a Santa Ana, Calif.-based IT solutions provider, and Regulator Group, a private equity firm based in St. Louis, MO.
The amount of the deal was not disclosed.
The company will use the investment to build out infrastructure for scalability, commit funding for engineering and product development to accelerate the implementation of the product roadmap, add to the global account teams to service the leads generated by its strategic technology partners, and fast-track the acquisition of strategic companies and complementary technology IP.
Under the terms of the deal, SHI and mLogica will go-to-market together to help their customers migrate legacy databases, applications and platforms to the Cloud, embrace Big Data analytics, and optimize the performance of their IT infrastructure, including databases and applications, with a full stack managed services program. Under the terms of the agreement, SHI will receive full access to the technologies developed by mLogica and will be authorized to deliver services both outright and in partnership with mLogica.
Led by Amit Okhandiar, President and CEO, mLogica specializes in migrating heterogeneous, complex, legacy on premise databases (Mainframe and Distributed) to the Cloud using its automated database and application translation and hardening software (AMS), hyperscale (Petabyte+) Big Data Software (MCAP), and software driven (MTRAK) Managed Services programs.
FinSMEs
01/09/2020