
MLogica
Provides expert services related to custom software and application development, maintenance, quality control and testing services for corporations.
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Series A | ||
Total Funding | 000k |
USD | 2018 | 2019 | 2020 | 2021 | 2022 |
---|---|---|---|---|---|
Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
% growth | - | 9 % | 3 % | 78 % | 31 % |
EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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mLogica operates as a technology and product consulting company, specializing in assisting clients to enhance profitability through advanced analytics and cloud modernization. Founded in 2004 by Amit Okhandiar, the company was established by professionals from prominent technology firms like Sybase, SAP, Oracle, and IBM. Okhandiar, now President and CEO, brought extensive experience from management roles at PricewaterhouseCoopers, Tandem Computers (HP), and an eight-year tenure at Sybase, where he was involved in strategic services and M&A advisory. His background in electrical engineering and an MBA from the University of California, Irvine, shaped his vision for a more efficient method of modernizing IT infrastructures.
The firm's business model is centered on migrating complex, legacy on-premise business applications and databases, including both mainframe and distributed systems, to cloud environments. This is achieved through a suite of proprietary, automated software designed to reduce the time, cost, and risk associated with such projects. mLogica generates revenue through its modernization services and software licensing, serving a diverse client base that ranges from startups to Fortune 1000 companies across various sectors, including finance, healthcare, retail, and government. The company has completed over 600 large-scale engagements and partners with major cloud providers like AWS, Google Cloud, Microsoft Azure, and Oracle.
mLogica’s service portfolio is built around several key software suites. The LIBER*M Mainframe Modernization Suite, enhanced by the acquisition of technologies from Atos and Reverse Paradigm, facilitates the migration of mainframe applications to the cloud by refactoring legacy code and re-platforming environments. For distributed systems, the STAR*M suite automates the refactoring of databases and applications. In the realm of big data, the CAP*M Complex Events Analytics Platform provides hyperscale data ingestion and real-time analytics. To ensure system health post-migration, the TRAK*M Managed Services Platform offers AI-powered monitoring and management. The company has pursued an aggressive growth strategy, marked by a Series A funding round of $40 million in 2020 and several strategic acquisitions to expand its technological capabilities and geographical reach into Europe and the Middle East.
Keywords: IT modernization, cloud migration, legacy systems, mainframe modernization, database migration, big data analytics, cloud services, application modernization, data warehousing, automated migration, managed services, legacy to cloud, enterprise data management, IT consulting, professional services, cloud infrastructure, data analytics, business intelligence, database refactoring, application refactoring, financial services IT, public sector IT, healthcare IT, retail IT, IT infrastructure services, Oracle migration, Sybase, DB2 migration, Atos, Reverse Paradigm, Microsoft Azure partner, AWS partner, Google Cloud partner
Tech stack
Investments by MLogica
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