Software company LogicMonitor said on Thursday it raised $130 million, marking its largest funding round by a wide margin and setting up the California company for an Asia expansion.

LogicMonitor, a software-as-a-service, or SaaS, company that helps businesses monitor their data centers and flag possible problems, raised $130 million from Providence Strategic Growth, an investment arm of Providence Equity Partners, the company said in an interview.

Prior to this funding, LogicMonitor, founded in 2007, had raised $21 million, a relatively small sum compared to some other high-growth software companies.

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