Print
Technology

Wilmington Firm LogicBay Corp. Acquired By Pluribus Technologies

By Cece Nunn, posted Oct 16, 2020

A Canadian firm recently acquired Wilmington-based LogicBay Corp.

Pluribus Technologies Inc. announced this week the completion of the acquisition of LogicBay through its portfolio company, The Learning Network, according to a news release.

Pluribus acquires small, profitable software companies and provides them with a platform for growth, the release stated.

"We are thrilled to add LogicBay to the Pluribus family of companies as our second acquisition in the learning management vertical." said Richard Adair, CEO of Pluribus Technologies, in the release. "We see significant potential for their Partner Relationship Management platform to create synergies with our other portfolio companies by better managing their customers' ecosystems."

According to the release, LogicBay provides technology and service solutions that enable manufacturers such as Caterpillar, Daimler Trucks North America and Meritor to build, scale and optimize their dealer network.

LogicBay has 35 full-time employees, and they all will be kept on, said John Panaccione, CEO of LogicBay. He said LogicBay will continue as an independent company.

LogicBay's technology suite includes Partner Relationship Management (PRM), Learning Management System (LMS) and FUSE, the release stated. 

FUSE, a member-based digital ecosystem for the manufacturing industry, "fosters opportunities for members to connect and collaborate effectively, exchange information, gain immediate access to content & courses and activate new and incremental sources of revenue," according to the release. 

Panaccione said in the release, "Pluribus brings resources that can help us accelerate our growth in the manufacturing industry and scale our FUSE and PRM technology in new industries where Pluribus has existing strength.

"Today, companies increasingly rely on their extended ecosystems – partners, consultants, suppliers, and others – to deliver value to the end customer. Pluribus recognized that as well, and I can't be more delighted at the fact that LogicBay has found the right investment partner moving forward."

Ico insights

INSIGHTS

SPONSORS' CONTENT
Carolinemontgomery4

Paycheck Protection Program (PPP) Update

Caroline Montgomery - Adam Shay CPA, PLLC
Dallas headshot 300x300

The Process Of Selling Your Business Has Already Begun

Dallas Romanowski - Cornerstone Business Advisors
Aarp suzanneheadshot 300x300

Beware Of Tech Support Scams

Trending News

Wilmington Company Acquired By McKim & Creed

Cece Nunn - Oct 26, 2020

Realtor Opens My Sister's Cottage At Mayfaire Town Center

Cece Nunn - Oct 27, 2020

Wilmington Port Reaches Major Container Ship Milestone, Making History

Christina Haley O'Neal - Oct 27, 2020

State Legislators Voice Opinions On Port Project

Christina Haley O'Neal - Oct 26, 2020

Port City Produce Rebrands, Prepares To Move To New Market St. Location

Jessica Maurer - Oct 27, 2020

In The Current Issue

Health Care Heroes: Nurse

The Nurse category honors a nurse whose performance is considered exemplary by patients, peers and other health care providers. ...


Seeing Demand For Flexible Space

No matter how big your home is, the coronavirus pandemic could be making it feel smaller after six months of working, learning and mainly ju...


NHC Commissioner Candidates

Voters can pick three of the six New Hanover County commissioner candidates, who share their viewpoints and goals here....

Book On Business

The 2020 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2020 Leadership Accelerator: Virtual Workshops for Real Leaders
2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`