TSO Logic secures new financing

TSO Logic Inc. has raised $2.41 million in a new round of financing from 12 US and 4 BC investors.

Fasken Martineau DuMoulin LLP acts as legal counsel to TSO. James Raines of San Antonio, Texas was paid a finders’ fee of $30,000 plus options to acquire shares.

The financing closed on July 24, 2017. TSO Logic raised $440,000 from 5 US investors in 2016.

Vancouver based TSO Logic delivers software solutions for optimizing application delivery in any data center environment. Its integrated, open platform provides visibility into IT operations — from the stack to the rack — plus actionable analytics and automated controls for improving performance.

TSO Logic was founded by CEO and director Aaron Rallo in 2010. Its four outside directors include Chris Brahm, Partner of Bain & Company and Bain’s global Advanced Analytics practice lead, Michael Steele (Ontario), Thomas Nielsen (USA), and Anderson Farvolden (Alberta).