LOGICWORKS 5 GROUND SOFTWARE LICENSE
The Hosting Services do not include, and Logicworks is not responsible for, any Virtual Server that is not identified by name on a Service Order, even if Client is billed for the Virtual Server by Logicworks, obtains a software license for that Virtual Server from Logicworks or the Virtual Server is running on Logicworks’ infrastructure.ģ. Starting on the Commencement Date and continuing for the remainder of the Term, Logicworks shall provide the Hosting Services to Client in accordance with all Logicworks Laws and the terms and conditions of this Agreement, including the Hosting Agreement Summary, Service Order(s), Responsibility Matrix, Technical Policies and applicable Service Terms. This Agreement is effective as of the date on which it is countersigned by Logicworks or on the Billing Commencement Date, whichever occurs first (the “Effective Date”).Ģ. This Agreement consists of the following documents: (A) the Hosting Agreement Summary (B) these General Service Terms and Conditions (C) the specific terms that apply to the Services and Third-Party Products listed on a Service Order (the “Service Terms”) (D) the Service Order(s) (E) the Acceptable Use Policy (F) the Responsibility Matrix (G) the Technical Policies and (H) any schedules, addendum exhibits and other documents incorporated therein by reference. Signal Hill acted as the exclusive financial advisor to Logicworks in connection with the transaction.1. Ziegler and Burden will continue to serve as board members and as senior management within the company.
"The company's combination of engineering talent, top-tier datacenters, and advanced capabilities makes Logicworks one of the best managed services firms we've seen in the sector and we are excited to be a key financial partner through its next phase of growth."īill Luby will join the Logicworks Board of Directors.
"We are excited to support Ken, Carter and the leadership team at Logicworks as they expand and enhance service offerings to capture the growing market for cloud computing." said Bill Luby, a founding partner of Seaport. Since its launch in 2010, infiniCloudTM is already the home to several well-recognized companies including NBC and Kaplan, who join a roster of satisfied clients leveraging Logicworks' managed hosting and private cloud solutions for their critical application, compliance and content needs. "We built infiniCloudTM from the ground up with no compromises in terms of performance or availability," said Carter Burden, Logicworks' founder and Chief Strategy Officer. Logicworks has over a decade of experience in offering high-touch, mission-critical managed services, which can now be tightly coupled with its new commodity compute platform, infiniCloudTM. "This round of funding, led by one of the sector's most respected and experienced investment firms, gives us the ideal financial foundation and a strategic partner to support Logicworks' future growth." "Enterprises are adopting integrated hosting and cloud solutions at an accelerating rate, and our combination of public and private cloud with traditional managed services provides the perfect balance of reliability and cost-effectiveness as they migrate their most critical applications into the cloud," said Kenneth Ziegler, Logicworks' President and COO.
The new capital will be used to support the growth of Logicworks' cloud computing platform, infiniCloudTM, to expand sales and marketing initiatives, and to invest further in software development, for the benefit of the company's media, financial services, healthcare, and SaaS clientele. Logicworks, a leading provider of enterprise hosting and cloud computing solutions, announced today that it has raised $7.6 million in growth financing from Seaport Capital, LLC.
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