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Logic Monitor secures $130M private equity investment.

Logic Monitor, the SAAS based network monitoring tool (used by PacketMover) accepted a $130 million investment from Providence Strategic Growth, the growth affiliate of global private equity firm Providence Equity. The $130 million gives the company that launched in 2008 plenty of room to maneuver as it plans to scale its operations in a big way in the next couple of years, according to CEO Kevin McGibben. We look forward to the additional capabilities this new funding infusion will finance.

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