[October 24, 2016] |
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Boston Logic Accelerates Growth with a Significant Investment from Providence Equity
Boston Logic (http://www.bostonlogic.com),
a software-as-a-service (Saas) technology platform that powers
enterprise and boutique leading real estate brokerages nationwide, today
announced it has received a significant growth investment from
Providence Strategic Growth (PSG), the growth equity affiliate of
Providence Equity Partners (News - Alert), a leading global private equity firm with
$47 billion in assets under management. Boston Logic will use the
investment to accelerate its ability to provide its real estate
customers with technologies that help their businesses succeed.
The Boston Logic Platform powers desktop and mobile websites, CRM, email
marketing, marketing automation, data management, and more for brokers,
teams and individual agents. Boston Logic provides software to prominent
U.S. brokers, including Pacific Union Realty in San Francisco and Harry
Norman Realtors in Atlanta, as well as numerous midsize and smaller
brokerage companies and agent teams.
"Providence is the partner best suited to help Boston Logic reach even
bigger goals," said David Friedman (News - Alert), founder and CEO of Boston Logic. "We
are at an exciting time in our history and well positioned to expand in
ways that further propel our customers as technology leaders. Providence
has a history of success in helping vertically focused software
platforms expand and more rapidly realize market opportunities. We are
excited to partner with them and look forward to benefiting from their
strategic and operational expetise to continue our considerable
momentum."
"Boston Logic has a long history of demonstrating value to its clients,"
said Marco Ferrari, Managing Director at PSG, who will join the Boston
Logic Board of Directors. "David and his team have built an excellent
technology platform and have been a driving force of innovation in their
industry. We are very excited to partner with this exceptional team and
help them build on their success."
"Too many real estate brokerages are still cobbling together solutions
from a number of providers," said Bill Skarinka, Vice President at PSG.
"Boston Logic has created a single, integrated platform that delivers a
complete solution and serves as the hub for the day-to-day success of a
brokerage. The Company is poised to continue to deliver value to its
customers through its commitment to innovation, and we are eager to play
a part in this growth."
Sign up for a demo of the Boston Logic Platform at http://accelerate.bostonlogic.com/request-a-demo.
About Boston Logic
Boston Logic (http://www.bostonlogic.com)
provides software, online marketing and design services to real estate
companies looking to be the technology leaders in their marketplace. The
Boston Logic platform combines CRM, websites, content management,
marketing automation and data management into one easy platform for real
estate companies to manage their leads and digital marketing with ease.
The company was formed in 2004 in Boston, Mass.
About Providence Equity
Providence (http://www.provequity.com)
is a premier, global asset management firm with $47 billion in assets
under management across complementary private equity and credit
businesses. Providence pioneered a sector-focused approach to private
equity investing with the vision that a dedicated team of industry
experts could build exceptional companies of enduring value. Since the
firm's inception in 1989, Providence has invested in more than 150
companies and is the leading equity investment firm focused on the
media, communications, education and information industries. Providence
is headquartered in Providence, R.I., and has offices in New York,
London, Hong Kong, Singapore, and New Delhi.
View source version on businesswire.com: http://www.businesswire.com/news/home/20161024005722/en/
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