We're ready to help

Our cloud experts can answer your questions and provide a free assessment.

a meeting
Business Insider logo

Business Insider: Investors were hounding this Amazon cloud partner until he finally took $135 million

Amazon Web Services partner Logicworks announced on Wednesday that it has raised $135 million from private equity firm Pamplona Capital Management.

This is only the second round of investment that the profitable 23-year-old company has taken (the first was $7.6 million from Seaport Capital in 2011). And the round wasn’t even Logicworks idea.

Investors had been pestering the company so heavily with investment and buyout offers since the middle of 2015 that the board gave in and hired a banker last spring to investigate their options, CEO Kenneth Ziegler told Business Insider.

Read full article on Business Insider