DMLogic: German tech firm buys into Green Tree startup

A German technology firm has acquired majority ownership of a young Green Tree-based supplier of logistics software products. Korber AG did not disclose the size of its investment nor the percentage it holds in DMLogic LLC. Thomas Lee, president of DMLogic, said on Thursday that Hamburg-based Korber plans further U.S. expansion that will benefit his company, whose name does not change. "We'll be able to help their foothold in the U.S., which means growth for us," Lee said. "They'll probably...