LogicSource, a Norwalk, Conn.-based supplier of procurement providers and expertise options, raised $180m in funding.
FTV Capital made the funding. Brad Bernstein, managing companion at FTV Capital, and Alex Malvone, principal, will be a part of LogicSource’s board of administrators.
The corporate intends to make use of the funds to reinforce its providers, expertise and information choices, enter new verticals and additional spend money on client-centric progress initiatives.
Led by David Pennino, CEO, LogicSource is a frontrunner in procurement providers and expertise, purpose-built to drive revenue enchancment, mitigate danger, and guarantee provide chain continuity via improved shopping for. The corporate focuses solely on the sourcing and procurement of oblique items and providers, together with complicated classes like advertising and marketing, packaging, company providers, services, info expertise, distribution and logistics.
The corporate serves a a shopper roster of blue-chip firms corresponding to Massive Tons!, Deluxe, Lululemon and Ceremony Help, amongst others.