|By PR Newswire||
|January 28, 2014 08:48 AM EST||
READING, England, January 28, 2014 /PRNewswire/ --
Logi Analytics opens office in Stockholm in response to growing demand for its business analytics solutions in the Nordic region
Logi Analytics, the analytics everywhere company, today announced the first stage of its expansion into Europe with the opening of a new office in Stockholm, Sweden to support its growing customer base in the Nordic region. Logi Analytics will expand its European operation further by opening additional offices in continental Europe during 2014.
Logi Analytics has experienced more than 600 percent increase in revenue worldwide over the past five years and the company recently announced a $27.5 million growth equity investment to support new product, further product development and expansion into new markets.
Simon Ryan, Director of EMEA, Logi Analytics said: "This is an exciting time for all of us at Logi Analytics. With the introduction of Logi Vision earlier this month, we are poised to capitalise on the growth of the data discovery market, one of the fastest-growing segments of the business intelligence market. Not only are we opening an office in Stockholm, but we are also doubling the size of the UK team to support the opportunities here and the growth we have experienced to date. We've moved to fantastic new premises in Green Park, Reading to accommodate this expansion."
"Once an organisation sees the benefits Logi Analytics can bring by equipping its employees with the right information to drive business success, the users want it in place immediately to start capitalising on this new insight. It is to fulfil this increasing demand that we are expanding our presence in the UK, and opening our office in Stockholm to service the Nordic region," explained Brett Jackson, CEO, Logi Analytics.
Logi Analytics has seen an increasing number of sales opportunities in the Nordic region. Simon Ryan continued: "With Logi Vision and Logi Info, our customers are at the cutting-edge of driving business performance with opinions being replaced by data-driven decision making. The number of sales opportunities has increased dramatically, and we are delighted to be opening our local office in Stockholm to fulfill this demand. We will continue to build on the success we already have with partners and customers from the wide range of progressive companies that operate here."
Since its European operation was established in the UK in 2008, Logi Analytics has seen demand for its technology increase dramatically - due to the benefits embedded analytics brings to an organisation, and the success demonstrated by customers such as Eurac, Torbay Council and Network Rail. International brake disc manufacturer, Eurac, saw an immediate return on investment of more than 50 percent within weeks of implementing Logi Info and Torbay Council's investment in Logi Analytics delivered an immediate return on investment of 123 percent.
About Logi Analytics
Logi Analytics enables enterprises to raise their corporate IQ by delivering on the promise of analytics everywhere. By providing both a data discovery solution and a business information platform, Logi Analytics helps its customers address a broad range of use cases, enabling employees from the corner office to the factory floor to be more informed, make better decisions and drive corporate performance. With more than 1,200 customers worldwide, Logi Analytics meets the analytics needs of organisations ranging from small businesses to Global 2000 enterprises. The company is headquartered in McLean, Virginia. The company is a privately held, venture-backed firm with investments from Updata Partners, GroTech Ventures, Summit Partners and LLR Partners. For more information, visit http://www.LogiAnalytics.com.
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