"I have enjoyed working with Bill Luby and his thoughtful team at Seaport since their initial investment," commented Ken Ziegler, CEO of Logicworks. "Ken Ziegler, Logicworks CEO and the rest of the management team did a phenomenal job strategically positioning the company and then driving revenue and cash flow." "Working alongside Carter and the Logicworks team led to a successful outcome, as evidenced by the growth of the company's service offering, increase in scale of the business and strong position as a clear leader in the AWS partner ecosystem," said Bill Luby, Partner at Seaport Capital. I am very proud of Logicworks' evolution, the strength of our position in the market and our extraordinary team." "Seaport has deep experience and an exceptional track record in the managed services sector, and their support was critical in Logicworks becoming a first-mover and leader in the managed AWS space. "Partnering with Seaport has been an extremely positive experience," said Carter Burden III, founder of Logicworks.
During Seaport's investment period, Logicworks was able to significantly grow revenue while scaling the business and increasing EBITDA. Since then, Logicworks has exhibited exceptional growth, predominantly through the success of its mAWS offering. Seaport invested in Logicworks in March 2011 alongside Carter Burden III, founder of Logicworks. Through its Managed AWS ("mAWS") offering and Private Cloud, Logicworks provides its clients not only with IT infrastructure and services to house their data, but also with access to highly-qualified IT professionals that would otherwise be unavailable cost-effectively. Located in New York City, Logicworks is a leading provider of cloud automation and managed services for Amazon's public cloud, Amazon Web Services ("AWS").
NEW YORK, NY -(Marketwired - December 15, 2016) - Seaport Capital ("Seaport"), a private equity firm focused on investments in communications, information and business services companies, announced the sale of its portfolio company, Logicworks, to Pamplona Capital Management ("Pamplona").
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