Logi Analytics is buying another local company

June 21, 2019

Tysons-based Logi Analytics Inc. is purchasing Reston-based business intelligence and data visualization startup Zoomdata Inc., according to an announcement by both companies on Monday.

The terms of the deal were not disclosed. This marks the second acquisition so far this year for Logi, a data analytics platform founded in 2000. Logi announced it was purchasing another local firm in Rockville-based visualization and reporting company Jinfonet Software in February.

“The nature of data is changing,” said Steven Schneider, CEO of Logi, in a statement. “It’s growing bigger and faster and is increasingly being managed using next generation data systems from companies like Cloudera, Elastic, Google, MongoDB and Snowflake. At Logi, our vision is to help application teams create smarter software. And with Zoomdata, product managers and developers have native access to cloud data warehouses, big data, and streaming data, plus an expert global partner network.”

It’s unclear what return investors got on Zoomdata, founded in 2012. But the company raised $59.2 million in funding, with its most recent valuation being $72 million, according to data from PitchBook. The number of people reporting employment at Zoomdata has fallen substantially in the last year, from about 96 employees in June 2018 to just 69 employees now, according to data from LinkedIn. And in 2017, Zoomdata got a new CEO in Chief Operating Officer Nick Halsey, replacing former CEO and founder Justin Langseth. At the time, Halsey pushed back on rumors of a business in turmoil, including layoffs.

Schneider will head the combined organization while Halsey will be “transitioning out of the organization,” according to a statement. The Zooomdata brand will ultimately become part of Logi and Zoomdata’s office will eventually consolidate into Logi’s office in Tysons.

Catapult Advisors LLC acted as financial adviser to Logi Analytics. Marlin & Associates acted as financial adviser to Zoomdata.