Wednesday, October 12, 2005

LogicalApps Raises $14M

Irvine-based LogicalApps has received $14M in Series A venture funding, the company announced yesterday. The developer of business automation software said that it raised the round from Sequoia Capital and Mission Ventures, and will use the funding to expand its sales, marketing and support operations. LogicalApps is developing software for monitoring compliance and controlling applications. The company reports that it has over 150 companies using its solutions to monitor errors, misuse, and fraud in enterprise business applicaitons. More information »