LogicNets announces $3M investment from Dutch ICT Automatisering
Washington, DC, Aug. 25, 2014 /PRNewswire/ – LogicNets, Inc. the web-based Expert Decision Support platform used for automating complex decision-making processes, announces an investment of $3 million from ICT Automatisering (Euronext: ICT:NA), a leading European IT services company headquartered in the Netherlands. The investment will be used to increase LogicNets’ product development and deployment capacity. Additionally ICT will expand its exclusive distribution rights for LogicNets to cover all Western Europe.
LogicNets and ICT’s ongoing collaboration has led to the delivery of large-scale expert decision support applications to major healthcare, government, and industrial organizations. These include the Dutch National Pathology Registry, and the Dutch national railway system (ProRail). Jos Blejie, CEO of ICT Automatisering commented: “Working with LogicNets we see a unique opportunity to expand the range and value of our services both within our traditional customer base and beyond.”
LogicNets’ software platform provides a visual designer enabling organizations to capture and share complex decision-making processes. “ICT is the perfect delivery partner for our platform, providing us with strategic access to major organizations along with superb technical competence to deliver in Europe. ICT’s investment will ensure greater expansion of our market share in our core verticals of Medical, Technical Support, and Health & Safety both in the US and Europe.” - said Jelle Ferwerda, CEO of LogicNets.