A D.C.-area analytics company is continuing its acquisition streak as it takes another data firm under its wing.
Mclean's Logi Analytics on Monday announced the acquisition of Reston-based Zoomdata, an analytics platform for big data and live-streaming data that launched in 2014.
The deal adds Zoomdata's patented technology for big data and streaming data to Logi's embedded analytics platform, according to the companies.
Founded in 2001, Logi makes software that embeds analytics dashboards in 2,100 enterprise applications, for industries including telecom, healthcare, sales and insurance. Its clients, like Ski Data, Ericsson and Informatica, include mostly software companies that would otherwise have to connect analytics tools throughout a company’s entire suite of apps.
“At Logi, our vision is to help application teams create smarter software," Logi CEO Steven Schneider said in a statement. "And with Zoomdata, product managers and developers have native access to cloud data warehouses, big data, and streaming data, plus an expert global partner network.”
Terms of the transaction were not disclosed.
“By joining forces with Logi, our groundbreaking analytics software will be embedded in more applications,” Zoomdata CEO Nick Halsey said in a statement. “Many more people will be able to analyze billions of rows of data in seconds, even across multiple data sources, within the applications they use all day, every day.”
The acquisition comes three months after Logi acquired Jinfonet, a document-focused analytics platform, which brought the combined company to about 250 employees.
In its startup days, Logi was backed by local venture capital groups Updata Partners and Grotech Ventures, eventually raising a combined $48 million in funding. In October 2017 it was acquired by Los Angeles-based Marlin Equity Partners.
Schneider said in a February interview that 80 percent of revenue comes from the U.S., but it’s growing faster internationally. It also has offices in England, Ireland and China.
