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May 19, 2004
IMlogic Raises $16M in VC Funding
Posted by Stowe Boyd
Surprising me not one bit, IMlogic has announced that the company has raised an additional $16M in venture funding (see Boston Business Journal). This is (I believe) the third round of money in IMlogic.
Francis Desouza, the CEO, is one of the more visionary leaders in the IM Management market -- companies that are providing the infrastructure for enterprise management of instant messaging and related real-time collaboraiton technologies. I expect great things from IMlogic, over and above the company's existing product lines and already announced plans.
The company posted 300 percent growth in revenue in fiscal 2003, the partnership with Reuters (gateway between Microsoft Live Communication Server and the AOL and MSN public IM networks), and international expansion.
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