insightsoftware, a Raleigh, North Carolina-based tech startup and a global provider of financial reporting and analytics for the Office of the CFO, announced today that it has acquired Mclean, Virginia-based Logi Analytics, the leading provider of embedded analytics solutions for software providers. The terms of the deal were not disclosed.
The deal addresses emerging demand in the market for integrating financial and operational reporting and expands the company’s market opportunity through embedded analytics. insightsoftware works with more than 25,000+ customers worldwide.
insightsoftware was founded in 2000 to address a critical need for business professionals to extract and analyze data from extensive ERP systems. Today, insightsoftware provides a range of solutions that have helped organizations and enterprises worldwide solve some of their most complex business challenges.
As executives increasingly rely on data and analytics to drive informed financial and operational decisions, this acquisition brings complementary business intelligence (BI) and operational analytics to insightsoftware’s market-leading portfolio of real-time data, reporting and analytics for finance teams.
“This is a critical piece of our long-term strategy. With Logi Analytics’s robust operational reporting solution paired with our market-leading financial reporting, we can provide our customers the ability to report on every area of their business,” said Jim Triandiflou, CEO of insightsoftware. “In addition, Logi Analytics’s leading position in embedded analytics opens a whole new market opportunity for us and we’re excited to invest and expand Logi Analytics’s leadership position in embedded analytics.”
With Logi Analytics, insightsoftware will embed customized analytics seamlessly into any commercial or enterprise application featuring customer-branded user interfaces, reports, dashboards, KPIs, and other actionable insights. insightsoftware also plans to leverage Logi Analytics’s technology for new operational analytics and reporting solutions to ensure real-time intelligence is available to finance teams.
Headquartered in McLean, VA, Logi Analytics serves customers around the world with teams located in Ireland, England, China, and Ukraine. Logi Analytics offers a portfolio of low-code development tools and a dedicated customer success team to make it fast and easy to build embedded dashboards, visualizations, and reports into any enterprise software application. The company serves thousands of software teams, in multiple industries, including AvidXchange, IBM, QAD, and Symbox. In 2020, Logi Analytics was again ranked as the best-embedded analytics vendor by leading industry researcher Dresner Advisory Service.
“We are honored to join forces with an industry leader in our pursuit to help customers derive insights from transactional and operational data to drive faster, more informed decisions,” said Kevin Greene, CEO at Logi Analytics. “As the analytics layer of our customers’ applications, we have a profound impact on decision making across the enterprise, and joining insightsoftware will accelerate our global reach and supply added resources.”
Over 2,200 application teams have trusted Logi Analytics to help power their businesses with sophisticated analytics capabilities. Logi Analytics is headquartered in McLean, Virginia, with offices in Ireland, England, Ukraine, and China.