McLean, Virginia (PRWEB) March 18, 2013
LogiXML, the authority on embedded analytics, today announced at the Gartner Business Intelligence & Analytics Summit that the company has changed its name to Logi Analytics, Inc. The name change, which takes effect immediately, is more reflective of the company’s business and its leadership position in embedded analytics.
“The business intelligence and analytics market has changed significantly over the past several years. End users are now demanding analytic intelligence to be present in the systems they use every day, so they can interact with it in the context of their jobs and put information to work,” said Brett Jackson, CEO, Logi Analytics. “Over the last several years, Logi Analytics has capitalized on the growing trend of organizations embedding analytics directly into the applications, systems, and processes they use to run their businesses. Our new name directly captures the essence of this mission–putting analytics to work in practical, cost-effective ways.”
Logi Analytics has made significant R&D investments since 2009, greatly expanding its analytical capabilities. In the recently released version of its flagship product, Logi Info, the company introduced new advanced visualizations, intuitive data exploration, and enhanced its market leading embeddability API. The company’s sales have grown 600 percent over the last four years, driven by the embedded trend, demand for Logi Info, and aggressive new customer acquisition. Recently, Gartner, Inc. moved Logi Analytics up into the Challengers quadrant of its 2013 Magic Quadrant for Business Intelligence & Analytics Platforms.
About Logi Analytics
Logi Analytics enables organizations to put information to work by allowing them to create web-based BI and analytic applications that can be integrated directly within the applications, systems, and processes that support their business – all at a fraction of the cost of other solutions. Unlike traditional BI platforms that are complex and costly, Logi Analytics technology allows organizations to rapidly develop, deploy, and adapt applications to serve business users without extensive development or professional services. Logi Analytics is headquartered in McLean, Virginia, with sales and support offices in the UK serving Europe. The company is a privately held, venture-backed firm with investments from Updata Partners, GroTech Ventures, and Summit Partners.