Logical Information Machines

{{More citations needed|date=November 2019}}

{{Infobox company

| name=Logical Information Machines, Inc.

| logo=Logical Information Machines wordmark.svg

| industry=Software

| founded={{start date and age|1988}} in Chicago, Illinois

| founder=Tony Kolton

| fate=Acquired by Morningstar, Inc.

| defunct={{end date and age|2009}}

}}

Logical Information Machines, Inc. (LIM) is a software company based in Chicago, Illinois, United States. It markets Historis, a time series database and the Market Information Machine (MIM), a database that is built around Historis, and includes data and a near-English query language.{{cite news|url=https://pqasb.pqarchiver.com/USAToday/access/16360181.html?dids=16360181:16360181&FMT=ABS&FMTS=ABS:FT&type=current&date=Feb+15%2C+1996&author=Daniel+Kadlec&pub=USA+TODAY+%28pre-1997+Fulltext%29&desc=History+lesson+has+dismal+conclusion&pqatl=google|archive-url=https://web.archive.org/web/20110604065241/http://pqasb.pqarchiver.com/USAToday/access/16360181.html?dids=16360181:16360181&FMT=ABS&FMTS=ABS:FT&type=current&date=Feb+15,+1996&author=Daniel+Kadlec&pub=USA+TODAY+(pre-1997+Fulltext)&desc=History+lesson+has+dismal+conclusion&pqatl=google|url-status=dead|archive-date=June 4, 2011|title=History lesson has dismal conclusion|last=Kadlec|first=Daniel|date=February 15, 1996|work=USA Today|pages=03.B |accessdate=27 January 2010|location=McLean, Va.}}

The Market Information Machine (MIM) was invented in 1988 by Tony Kolton,[http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=/netahtml/PTO/srchnum.htm&r=1&f=G&l=50&s1=5778357.PN.&OS=PN/5778357&RS=PN/5778357 United States Patent: 5778357] President and CEO of LIM, Danette Chimenti, LIM Director of Strategic Research and Ruben Gamboa, LIM Senior Technical Consultant. Danette sits on the board of directors and Ruben is on the Technical Advisory Board for LIM.

Historis, unlike a relational database, is optimized and designed to handle the large storage issues and fast data retrieval speeds required by time-series data (real-time, intraday, daily, weekly, monthly).

In December 2009, Morningstar, Inc. announced that it had agreed to buy LIM for $50.5 million.{{cite news|url=https://online.wsj.com/article/BT-CO-20091211-706147.html |title=Morningstar To Buy Market-Data Provider Logical Information Machines |last=Stynes |first=Tess |date=December 11, 2009 |work=Dow Jones Newswires |publisher=online.wsj.com |accessdate=27 January 2010 |url-status=dead |archiveurl=https://web.archive.org/web/20100130150528/http://online.wsj.com/article/BT-CO-20091211-706147.html |archivedate=January 30, 2010 }}