VLogic Systems, a leading cloud-based integrated workplace management (IWMS) and Connected Portfolio Intelligence Platform (CPIP) SaaS provider announced that Northrim Horizon had made a strategic growth investment in the high-growth IWMS and CPIP provider.
VLogic is the developer of VLogicFM, a FedRAMP-authorized, cloud-based SaaS solution for both federal and commercial enterprises. And this integrated workplace solution includes modules that provide IoT sensor-based occupancy tracking, hybrid workplace reservation functionality, space management capabilities, asset management, preventative maintenance, and on-demand work order and service request modules. This enterprise-class software functionality is accessible through a user-friendly web browser-based application and on Android/iOS apps.
VLogic’s management team will continue supporting the company going forward with room for new hires to support additional growth initiatives. And George Koshy will continue to serve as CEO with Duane Harris being promoted to President. And VLogic anticipates that this new partnership will strengthen its capacity to meet the needs of its existing global customers as well as continue to enhance its product offerings and services as it continues to expand its customer base.
Wellesley Hills Financial and lead technology investment banker Shivang Amin acted as exclusive advisor to VLogic in the transaction.
KEY QUOTES:
“My team and I are thrilled that Northrim has become our growth partner. Their investment, along with our recent FedRAMP authorization from the U.S. federal government, are both significant catalysts for VLogic’s next major phase of growth. We appreciate Northrim’s recognition of our rapid growth, enthusiasm for our customer-acclaimed software, and deep commitment to our long-term success, as a leading, global provider of cloud-based IWMS and CPIP software and services.”
- VLogic’s CEO and Founder, George T. Koshy
“VLogic’s best-in-class IWMS and CPIP platform has led them to achieve phenomenal growth. With recent FedRAMP approval, we’re excited to continue that growth with VLogic’s full suite of IWMS and CPIP solutions to federal clients as well as corporate, healthcare, and education customers. We recognize the tremendous business this team has built and Northrim is committed to building upon that foundation for decades to come.”
- Tyler Duke, Partner at Northrim Horizon
“Verdantix research shows that there’s continued interest from investors and customers for broad-based IWMS offerings, with 51% of real estate and facilities management executives planning to increase spend on IWMS. Northrim Horizon’s investment into VLogic Systems will provide the vendor with opportunities to grow its market footprint and further develop its solution, allowing it to compete in the CPIP market.”
- Joy Trinquet, Senior Analyst, Verdantix
