As a product manager, you know the value of your development team’s time. With your road map defined, you understand how critical each hour can be to creating the best possible version of your product and any tool that can save you time is worth investigating.
Logi Analytics is an analytics development platform that saves development teams time by embedding cutting-edge dashboards, reports, and self-service into any application. Their solution matches application UI and branding, incorporates third-party visualizations and controls, and uses plug-ins to meet any unique requirements.
How much is Logi Analytics doing in ARR?
Logi Analytics is a software business that sells annual licenses to development teams. With various sizes of enterprise customers, their deals range from $50k annually up to $1M per year. On average, new customers pay them around $100k each year today.
According to CEO Steven Schneider, Logi Analytics has 1k active clients right now and is doing north of $30M in ARR. The business, acquired by a private equity firm in 2017, is targeting 20% growth in ARR this year.
What is Logi Analytics’ churn?
For Logi Analytics, churn has come from two main issues: discontinuation of applications on which their software has been deployed and failure to deploy their product intially. Schneider explained that the company has 10% gross revenue churn annually with 110% net revenue revenue retention at present.
When it comes down to landing new customers, Logi Analytics is willing to pay up to $1 in dollar-based customer acquisition cost at this point in time. The company allocates this capital to both their inbound and outbound sales teams.
How much has Logi Analytics raised?
Launched in 2003, Logi Analytics operated as a small, bootstrapped business for a number of years prior to finding their niche in the reporting and analytics software space in 2010. Prior to their acquisition, the company had raised around $50M in total outside capital.
The Logi Analytics team of 140 employees is headquartered in Washington D.C. and has offices in Ukraine and the U.K.