# LogicLibrary

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/logiclibrary

- Industry: Software
- Headquarters: Pittsburgh, US
- Website: www.logiclibrary.com
- Total disclosed funding: $7.5M
- Latest round: Series B (Apr 18, 2002)
- Investors on record: 5

## About

LogicLibrary develops innovative solutions for software development and enterprise architecture, enhancing code management and collaboration for various industries.Founded in 2000 in Pittsburgh, US, LogicLibrary focuses on providing software development solutions. The company was acquired by SOA Software in May 2008, marking a strategic pivot in its operations. LogicLibrary has completed three deals since its inception, with the latest funding round being Series B, where it raised USD 7.45 mn, primarily led by Birchmere, along with participation from Bank of America Global Capital Management and others.LogicLibrary.com specializes in providing robust solutions centered around software development and enterprise architecture. Their core product offerings involve a suite of tools designed to facilitate the management of software assets, optimize development processes, and ensure compliance with industry standards. The flagship product is an advanced software repository that enables developers and organizations to efficiently store, retrieve, and manage code libraries while minimizing redundancy and enhancing collaboration. These products primarily serve a diverse client base, including software development firms, enterprise IT departments, and government agencies across North America and Europe. The company focuses on resolving challenges related to software versioning, dependency management, and resource allocation, catering to businesses looking to streamline their development workflows and improve overall productivity.LogicLibrary.com generates revenue through a subscription-based model, where clients pay for access to their software tools and services. The transaction structure typically involves annual subscriptions that grant users comprehensive access to their software repository and associated features. Fluctuating pricing plans may include tiered levels of service that cater to different business sizes and requirements, ensuring flexibility for both small startups and large enterprises. As part of their offering, clients might engage in additional partnership programs that provide training, support, and integration services, further enhancing the value derived from their flagship products. This strategic approach to revenue generation allows LogicLibrary.com to cultivate long-term relationships with clients while ensuring consistent service delivery and support.LogicLibrary plans to utilize recent funding to enhance its product offerings and expand into new markets. The company is currently developing new functionalities for its software repository, with anticipated launches later this year. There are strategic initiatives to broaden their reach in the European market, aiming for expansion by the end of 2009. The funding from the Series B round will support these product enhancements and market entry strategies, aligning with their objective to increase their client base and improve service delivery.

## Funding rounds

- Series B, Apr 18, 2002, $7.5M — Novak Biddle Venture Partners, Court Square Ventures, Bank of America Global Capital Management, Birchmere, United States Trust Company of New York

## Investors

- Novak Biddle Venture Partners (https://capitalatlas.ai/funds/novak-biddle-venture-partners) — Series B
- Court Square Ventures (https://capitalatlas.ai/funds/court-square-ventures) — Series B
- Bank of America Global Capital Management (https://capitalatlas.ai/funds/bank-of-america-global-capital-management) — Series B
- Birchmere (https://capitalatlas.ai/funds/birchmere) — Series B
- United States Trust Company of New York — Series B