mLogica secures strategic investment as part of Series A funding to meet the growing demand for enterprise cloud modernization and big data analytic solutions
mLogica, a Santa Ana, California-based tech startup and a provider of information technology solutions to organizations, today announced it has raised strategic investment as part of Series A funding to meet the growing demand for enterprise cloud modernization and big data analytic solutions. The investment came from SHI International, one of the largest IT solutions providers in the world, and Regulator Group, a private equity firm based in St. Louis, MO. The total amount of funding was not disclosed.
Under the terms of the strategic agreement, SHI and mLogica will go-to-market together to help their customers migrate legacy databases, applications, and platforms to the Cloud, embrace the benefits of Big Data analytics, and optimize the performance of their IT infrastructure, including databases and applications, with a full-stack managed services program. SHI will also receive full access to the technologies developed by mLogica and will be authorized to deliver services both outright and in partnership with mLogica.
mLogica was founded in 2004 by professionals from leading technologies organizations, including Sybase, SAP, Oracle, Informix, IBM, among others. mLogica specializes in migrating heterogeneous, complex, legacy on-premise databases (Mainframe and Distributed) to the Cloud using our automated database and application translation and hardening software (AMS), hyperscale (Petabyte+) Big Data Software (MCAP), and software-driven (MTRAK) Managed Services programs.
“Over the last five years, SHI has invested aggressively to develop a range of professional and managed services capabilities, and we’ve seen revenue grow 54% in the past year,” said Thai Lee, President and CEO of SHI. “This clear evolution of the SHI brand better positions us as a services delivery partner to help customers meet infrastructure and cloud goals. The partnership with mLogica further strengthens that portfolio of services and gives SHI the ability to meet a broader set of customer needs as they migrate away from legacy infrastructure, make their data work harder and smarter, and continually optimize their IT environment.”
“Since 2004, we’ve forged strong relationships with enterprise technology vendors and systems integrators, helping some of the world’s most complex organizations migrate their mission-critical legacy environments,” said Amit Okhandiar, President and CEO of mLogica. “SHI lives and breathes that same mission, making it an outstanding partner as we develop innovative approaches to big data, IT modernization, database services, and operational efficiencies. Together with SHI, we will deliver the tools, services, and expertise customers need to modernize their technology and achieve their business goals.”
mLogica will use the investment to build out the infrastructure for scalability, commit funding for engineering and product development to accelerate the implementation of the product roadmap, add to the global account teams to service the leads generated by mLogica’s strategic technology partners, and fast-track the acquisition of strategic companies and complementary technology IP.
“We are excited to work with SHI and our network of investors to provide strategic capital to mLogica. This investment will be used to enhance mLogica’s infrastructure globally and to fund the acquisition of complementary technologies and companies,” said William Wisialowski, CEO and Managing Member of Regulator Group. “mLogica is a perfect fit for our investment model and I look forward in working closely with the mLogica team as an investor and board member.”