(Bloomberg) -- LogicMonitor Inc., which helps companies manage their technology systems in data centers, has raised $130 million to help expand its product lineup and global reach.

With the funding, the Santa Barbara, California-based company has raised more than $150 million, Chief Executive Officer Kevin McGibben said in an interview. The investment came from Providence Strategic Growth, the growth equity affiliate of Providence Equity Partners, which has more than $45 billion in assets. The cash infusion will help the company bolster engineering, expand sales and marketing and boost its overseas presence, including in Europe.

Register or login for access to this item and much more

All Information Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access