Friday, February 4, 2011

OpenLogic: Record Growth in 2010

Broomfield, Colorado-based OpenLogic, which provides support for open source software to enterprises, said this week that it has seen "record growth" in 2010. The firm, which did not disclose financial details of its results, said that it saw 133 percent growth in sales to new customers in the year, and 68 percent growth to existing customers via add-on products. The firm attributed the growth to the economic recovery. OpenLogic is headed by Steve Grandchamp. The firm is venture backed by Appian Ventures, Highway 12 Ventures, Pelion Venturs, Red Rock Ventures, and Village Ventures.