LogicMonitor, a US-based unicorn specialising in data centre optimisation, has secured a £640 million investment to fuel its expansion into the UK market, via its existing London office.
The California-headquartered company provides real-time insights and predictive analytics to over 100,000 users across 30 countries, helping them optimise the performance, sustainability and resilience of their critical data centre infrastructure.
The £640 million investment, a mix of equity and strategic financing, was led by a consortium including PSG, Golub Capital, and others. Vista Equity Partners, the controlling shareholder of LogicMonitor, will retain its majority stake in the company, which is now valued at approximately £1.9 billion, including debt.
The company has an office in London where over 100 people are employed. A spokesperson for the company confirmed that approximately a third of LogicMonitor’s total business comes from EMEA and the UK is the largest contributor. This makes LogicMonitor’s UK base in London a significant part of the business’ EMEA operations:
LogicMonitor plans to leverage the funding to accelerate its growth and strengthen its position as a leading provider of AI-powered data centre optimisation solutions. The company is particularly focused on expanding its presence in the UK market, where it sees significant opportunities to help organisations optimise their data centre operations and reduce costs.
Christina Kosmowski, LogicMonitor’s CEO, said in a statement: “We have secured one of the largest and most significant investments for data centre observability management as we are a mission critical part of the AI race – in short AI needs data centres and data centres need LogicMonitor – in short, AI needs data centres and data centres need LogicMonitor. We are the connective tissue between AI and data centre performance as we have the muscle, pedigree, and, most importantly, the data insights to advance the most important and life-altering AI initiatives.”
Image source: LinkedIn
