LogicMonitor, provider of SaaS-based unified observability platform for enterprises and managed service providers (MSPs), announced the appointment of Lisa Edwards as an independent board member. Edwards will provide valuable expertise in business operations, corporate governance and finance to support LogicMonitor’s innovation of observability solutions that contextualise data and help companies solve mission critical problems.
What does Edwards bring to LogicMonitor in the role?
Edwards is a seasoned operations leader with a wealth of board and corporate governance knowledge. Edwards currently sits on the board of Colgate-Palmolive and serves as Executive Chair of the Diligent Institute, a global think tank focused on governance.
Before moving into the Diligent Institute role, she served as President & COO of Diligent Corporation, an SaaS company in the Governance, Risk and Compliance (GRC) space. Prior to that, Edwards served in several executive roles at Salesforce, where she partnered with the co-CEO to lead strategic initiatives and develop short and long-term business plans.
In addition, Lisa Edwards also drove efficiency projects and focused on digitisation of operations to enhance performance and customer service. Prior to that, she led global business development and IP strategy at Visa and founded fintech startup ValuBond.
“In getting to know the LogicMonitor team, I’ve been impressed by Christina and her team’s ethos and vision for the firm – and more importantly – its clients,” said Edwards.
“LogicMonitor’s platform helps businesses measure the impact of their tech investments, accelerate digital transformation projects, and ensure predictable customer experiences – which is crucial for businesses facing compounding business challenges. I’m excited to dig in with LogicMonitor’s leadership team to scale the empowering impact of their work.”
What does the appointment mean for LogicMonitor?
Commenting on Lisa Edwards appointment, Christina Kosmowski, CEO, LogicMonitor, said, “Throughout her career, Lisa has demonstrated time and time again her ability to scale leading companies of all sizes to the next level and drive operational efficiency in impressive ways – which is exactly why we looked to her to join our board. We’re reaching a pivotal time in LogicMonitor’s trajectory, and Lisa will help us advance to the next level.”
Lisa Edwards’ role was sourced through the external board program operated by Vista Equity Partners, a global investment firm focused on enterprise software, data, and technology-enabled businesses and a majority investor in LogicMonitor.
Launched in 2017, the program leverages Vista’s ecosystem and additional resources to identify, train and appoint qualified board candidates for its portfolio firms. The program works to create a diverse pipeline of qualified board candidates through programs and partnerships that advance diversity for all boards and drive impact for the corporate world.
This comes at a time of sizable growth for LogicMonitor; An organic compound annual growth rate (CAGR) of over 40% in the last four years. A strong enterprise momentum with the number of clients spending greater than $100K growing over 50% CAGR over the past four years; Over $200m in annual recurring revenue (ARR) as of December 31, 2022.
The firm also reported an expanding partner network and growing roster of over 2,300 customers and a relaunched LogicMonitor Community with support groups, knowledge sharing, thought leadership and events to help users connect and enhance skills.