Irvine-based business software maker LogicalApps Inc. has acquired a product line from Applimation Inc. of New York, adding 30 workers to its base of 100 and doubling its number of customers, according to the company.
Terms of the deal weren’t disclosed.
Privately held LogicalApps sells software that helps companies automate financial controls and compliance with the Sarbanes-Oxley accounting reform act of 2002.
It started in 2000 and raised $14 million in funding in 2005.
LogicalApps is buying Applimation’s Integra for Change Management software. The software is used to monitor changes and access to database software from Oracle Corp.
Integra allows network managers to track who has access to data, detect security breaches and other tasks.
Chris Capdevila cofounded LogicalApps. The company started after Capdevila worked as a consultant at Price Waterhouse Management Consulting Services. He helped install large software systems, including from Oracle, for companies such as Walt Disney Co.
When companies switched to Oracle, they got rid of older, custom software with its own set of internal controls to regulate who has access to sensitive data or how information is distributed.
LogicalApps was started to fill the gap, according to Capdevila, who now works as senior vice president for strategy and business development. Its customers include Agilent Technologies Inc. and Motorola Inc.
