Wednesday, February 18, 2009

MX Logic Claims Growth

Englewood, Colorado-based MX Logic is reporting today that the firm saw "record growth" in 2008. The privately held firm, which provides managed email and web security services, claimed that its customer base grew approximately 50 percent last year, to almost 35,000 businesses, and it added nearly a million new user seats. Financial impact of that growth was not disclosed by the company. According to MX Logic, it is expecting to see more growth in 2009, despite the challenging economy. The firm provides outsourcing of email servers and handling. MX Logic is venture backed by Adams Street Partners, Grayhawk Venture Partners, River Cities Capital Funds, UV Partners, and Vista Ventures.