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Logicsource Secures $180 Million Growth Investment From Ftv Capital To Drive Efficiency And Profitability For The World's Leading Brands

Apr 07, 2022•over 3 years ago

Amount Raised

$180 Million

Norwalk

Description

LogicSource, the leading provider of procurement services and technology solutions, announced today that it has raised $180 million from FTV Capital, a sector-focused growth equity investor in innovative enterprise technology and services businesses. With this new funding, LogicSource will enhance its services, technology and data offerings, enter new verticals and further invest in client-centric growth initiatives, helping drive measurable and sustainable profit improvements for the world's most recognizable brands.

Company Information

Company

Logic Source

Location

Norwalk, Connecticut, United States

About

The innovative leader in procurement services and technology, LogicSource is purpose-built to drive profit improvement, mitigate risk, and ensure supply chain continuity through better buying. LogicSource focuses exclusively on the sourcing and procurement of indirect goods and services, which typically represent 20% of an organization's revenue and the area of greatest spending inefficiency. These include complex categories like marketing, packaging, corporate services, facilities, information technology, distribution and logistics, for which organizations often lack the capacity, focus and scale to achieve best-in-class buying. Unlike traditional advice-based consultants, LogicSource is a purpose-built buying utility with assets that are configurable to their clients' needs and ready to deploy – procurement as a service. By combining decades of sourcing and procurement expertise, superior market intelligence, cross-portfolio spending leverage, and their OneMarket Source-to-Pay technology, LogicSource executes customized solutions that deliver immediate savings and sustainable value. For more information visit www.logicsource.com and join their network.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech