LogiXML Completes Acquisition of OnDemandIQ

LogiXML, a leading provider of web-based enterprise business intelligence (BI) solutions expanded its LogiOnDemand business unit with the acquisition of OnDemandIQ, a Los Angeles-based provider of sales analytics. LogiOnDemand builds innovative BI solutions on LogiXML's technology in a software-as-a-service (SaaS) model for enterprise, SMB and individual end users.

The LogiOnDemand unit launched last month with the announcement of its first product, Widgenie, the industry’s only on-demand, interactive data visualization tool.  Widgenie allows users to quickly create dynamic charts and table graphics from spreadsheets or online data feeds, publish them to web sites, blogs and social networks, share their widgets and track usage.

Updata Partners completed a $5 million round of financing with LogiXML in December of 2007.