Wednesday, February 8, 2012

OpenLogic: Record Breaking 2011

Broomfield, Colorado-baesd OpenLogic, the provider of open source software for the enterprise, reported Wednesday that it saw "record-breaking" sales each quarter in 2011, as part of what it says was strong growth for the company. The firm did not disclose any financial details behind the growth, but did say that its sales for Q4 of 2011 was up 45 percent over the prior year. OpenLogic said that it saw the fastest growth in government and mid-market companies, although Global 2000 companies continue to make up 70 percent of its business. OpenLogic is headed by Steve Grandchamp, and is venture backed by Pelion Venture Partners, Red Rock Ventures, Appian Ventures, OnCorps, Highway 12 Ventures and Village Ventures.