Airxchange
Rockland, MA
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Energy recovery ventilation systems
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Assessment Systems
Bala Cynwyd, PA
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Develops and administers occupational
testing for state agencies.
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Axent
Rockville, MD
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Computer security software
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BDS
Sterling, VA
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Systems integrator of computers and software to government
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Best Software
Reston, VA
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PC accounting software sold by direct
mail and VARs. Fixed assets, payroll
and personnel applications.
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BTG
Fairfax, VA
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Technology integration for government applications
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Canopy
Littleton, MA
978-742-8800
www.canopyint.com
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Consulting services for enterprise application integration.
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Co-Care Eye Centers
Plymouth Meeting, PA
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Acquires ophthalmic practices
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Comm Site
Vienna, VA
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Manage wireless communications transmission or antenna facilities
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Commence
Oakhurst, NJ
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Customer relationship management software
for mid-sized companies.
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Connextive
Lawrenceville, NJ
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Enterprise application integration with messaging between financial applications
Sold to SmartStream |
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Consolidated Waste
Toms River, NJ
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Collection and handling of solid waste and regulated medical waste
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Contact Software
Carrollton, TX
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ACT! Contact Management Software
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CoreStar
Timonium, MD
443-921-1500
www.corestar.com
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Residential mortgage loans
Edison completed a follow-on investment of $1.5 million. The proceeds will be utilized to expand marketing, sales, staffing and product offerings. Edison’s total investment exceeds $8.5 million.
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D&E Communications
Ephrata, PA
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Local telephone service in central PA
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Danyl
Moorestown, NJ
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Manufacture and market electronic data collection which input to computerized accounting systems
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Data Labs
Gaithersburg, MD
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Develops and markets high speed network access devices
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Dendrite
Morristown, NJ
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CRM software and training services for pharmaceutical
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Derivatives Portfolio Management
Somerset, NJ
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Suite of services to hedge funds and alternative asset management market
Mellon Financial acquired DPM. Edison realized 2X return plus large earnout. |
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Descartes
Waterloo, Ontario
519-746-8110
www.descartes.com
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B2B e-fulfillment software to optimize physical product movement.
Following the sale of E-Transport for Descartes Systems stock, Edison has received proceeds of $26M from the sale over the last 9 months of most of the Descartes stock received. Edison's total value equals 18X our investment cost. Descartes is a leader in logistics management.
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Digital Paper
Alexandria, VA
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Internet based software for technical content exchange and collaboration
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DSET
Bridgewater, NJ
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Telecommunications agent tools for managing multi-vendor, multi-platform networks
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Earth Tech
Long Beach, CA
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Environmental consulting and engineering
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Eastern Telelogic
King of Prussia, PA
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Fiber optic voice/data alternative local telephone system for Philadelphia businesses
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ECCS
Tinton Falls, NJ
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Develops proprietary mass storage devices. Reseller and integrator of AT&T and Sun computer hardware.
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EdgeTrade
New York, NY
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Direct Market Access trading platform and Algorithm Trading functionality for institutional investors
Edison announced that Knight Capital Group acquired EdgeTrade, headquartered in Manhattan for $59.5 million. Edison Venture will receive $14 million proceeds, which represents 3X return on investment and 55% of IRR. |
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EIS
Stamford, CT
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Outbound call processing systems
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EMCON
San Mateo, CA
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Environmental engineering and consulting services, with emphasis on waste management facility development, remediation, solid waste land disposal engineering and analytical laboratory services.
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Empirical Software
Richmond, VA
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Service level management solutions
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Enviroplan
Roseland, NJ
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Air quality monitoring and consulting of continuous emission monitoring systems
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Essential Technologies
Rockville, MD
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Software for emergency response and integrated environmental management
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E-Transport
Pittsburgh, PA
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Software for maritime industry, including automated tariff filing systems
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Factpoint
Burlington, MA
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Document management and workflow software for pharmaceutical industry
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Faro Technologies
Lake Mary, FL
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Computer-aided manufacturing measurement solutions and control stations.
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Fastnet
Bethlehem, PA
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Internet access plus web communications products
Edison invested $2.1 million in this rapidly growing Internet service provider with a regional approach servicing institutional and individual customers. Bruce Luehrs joined the Board. |
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Formatta
Fairfax, VA
703-673-0000
www.formatta.com
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Formatta provides e-form solutions that enable businesses and government to capture and transfer electronic data. Users can securely fill in data, sign, submit and save an online form.
Edison completed a $1.0 million follow-on investment for Formatta in Fairfax, VA. Edison’s cumulative investment reached $5.3 million. The use of proceeds will expand sales, marketing, client-support and product development.
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Genesis Teleserv
Conshohocken, PA
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Integrated customer contact services
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Geo-Con
Monroeville, PA
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Geotechical construction services for remediation of hazardous waste sites
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Giant Realm
New York, NY
212-488-1740
www.giantrealm.com
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On-line media company that focused on aggregating the male 16-34 demographic for advertisers. Giant Realm reaches 40 million men every month through a combination of its own sites and properties in its publisher group.
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Gomembers
Herndon, VA
571-262-5171
www.gomembers.com
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Software and technology solutions for member-based organizations
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Great Valley Products
King of Prussia, PA
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Performance enhancement peripherals and desktop video applications software
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High Branch Software
Annandale, VA
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E-commerce platform for middle market manufacturers, wholesalers and distributors
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Iconnex
Pittsburgh, PA
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PC software for conceptual design by mechnical engineers
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IMA
Shelton, CT
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Customer interaction software for call centers
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Imagyn Medical
Newport Beach, CA
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Medical products for urology, gynecology and minimally invasive general surgery
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Incurrent
Parsippany, NJ
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Interactive web access software for customers of credit card issuers
Online Resources Corp (Nasdaq: ORCC)
acquired Incurrent Solutions for $15 million in cash and stock. |
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Information Science
Westwood, NJ
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HR software and services for personnel, payroll, pension, flexible benefits and health claim processing
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InnaPhase
Philadelphia, PA
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Enterprise technology solutions for pharmaceutical research & development
ThermaElectron (NYSE:TMO) acquired InnaPhase for $65 million in cash. In 1998, Edison led the initial financing and participated in subsequent investments. |
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InSoft
Mechanicsburg, PA
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Desktop multimedia conferencing
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Intek
Norcross, GA
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System management software
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International Telesystems
Herndon, VA
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Develops and markets predictive telesystems
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Intraware
Orinda, CA
888-446-8729
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E-marketplace for web-based software and services
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Janus
Pittsburgh, PA
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Software to monitor and manage information technology assets
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LAN Systems
New York, NY
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Local and wide area network system integration
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Laura Lupton
Rowayton, CT
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Luminique cosmetic products sold through upscale department stores
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Learning Company
Cambridge, MA
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Consumer education and entertainment software
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Liberty Technologies
Conshohocken, PA
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Testing equipment used in power generation and process industries
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Longview Development
New Hope, PA
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Solid waste collection and landfill operation
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Longview Group
Trenton, NJ
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Solid waste collection, landfill and recycling operations.
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Longview Solutions
Conshohocken, PA
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Budgeting, reporting and planning software.
Exact Software, headquartered in the Netherlands, announced the purchase of Longview Solutions for $51.5 million. Edison will receive $9 million proceeds which represents 3X return on investment. |
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MAPICS
Atlanta, GA
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Enterprise Resource Planning solutions and services for manufacturers
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Marcam
Newton, MA
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PRISM manufacturing software for process industries
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Marketing Information Systems
Evanston, IL
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Sales automation software, focused on telemarketing applications
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MathSoft
Cambridge, MA
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Calculation software and services
PTC (Nasdaq: PMTC) purchased Mathsoft for $65 million. Edison realized 7X return on the $6.5 million investment. |
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Mcorp
Edison, NJ
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Hotel property management software
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MDY
Fair Lawn, NJ
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Enterprise electronic records and document solutions for legal, government and corporate applications.
CA (NYSE: CA) purchased MDY. Edison realized a 3X return and achieved a 33% IRR on a $3.5 million investment. |
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Media Cybernetics
Silver Spring, MD
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Develops and markets micro computer graphics and image processing software
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MediFit
Greenwich, CT
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Operated medical rehabilitation targeted to workers' compensation
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MedPartners
Birmingham, AL
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Physician practice management
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Megasoft
Freehold, NJ
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Software and information distribution via Internet
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MEI
Reston, VA
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Enterprise application software for trade associations, fund raisers and other membership-driven organizations
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Mergent
Rocky Hill, CT
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PC security administration software
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Microsurge
Needham, MA
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Laparoscopic surgical instruments
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Moberg Medical
Ambler, PA
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Neurological monitoring devices
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Munics
Clifton, NJ
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Develops and markets application software for wholesale distributors
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Mustard Seed
Pocono Pines, PA
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Behavioral health managed care company
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Netegrity
Waltham, MA
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Internet security and related products
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Netscape
Mountain View, CA
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Internet browser and server software
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Neutronics
Exton, PA
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Gas measurement and control devices
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NFR Security
Rockville, MD
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Network intrusion detection and prevention software
Check Point purchased NFR Security. Edison realized a 2X return investment. |
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Nobel Learning
West Chester, PA
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Private elementary school education for middle income families, plus child care and special education services.
Edison announced that it has fully exited its' holdings in the public company, Nobel Learning. |
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Novalis
Albany, NY
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Packaged managed care program
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Omega Health Systems
Memphis, TN
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Acquires and Manages ophthalmic surgical practices
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Optical Data
Warren, NJ
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Grades 2-12 science and mathematics courseware on video disc
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Optinuity
Bethesda, MD
202-292-4920
www.optinuity.com
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Optinuity provides Run Book Automation and Operations Process Management software for data center operations.
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PCS One
W. Atlantic City, NJ
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Personal communications services
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Penn Process
Plumsteadville, PA
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Water treatment equipment
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Phoenix Geoscience
Denver, CO
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Electrical geophysical surveys for oil, mining, geothermal and water exploration
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Photon Technology
Lawrenceville, NJ
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Light detection instruments and analysis systems
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Physical Acoustics
Lawrenceville, NJ
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Nondestructive test systems for labs and industrial applications. Utilize acoustic emission and ultrasonic technologies
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POMS
Herndon, VA
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Manufacturing execution software for pharmaceutical production
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Portable Internet
Fair Lawn, NJ
800-868-7660
www.portableinternet.com
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Location-sensitive wireless applications for cell phones and handheld mobile devices.
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Princeton Financial Systems
Princeton, NJ
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Investment portfolio accounting and management systems for insurance companies, independent money managers and mutual funds
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PS Group
Telford, PA
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Automation systems for commercial assembly and military applications
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QSS
Mount Arlington, NJ
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Requirements management software for complex projects
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Relay
Vienna, VA
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Communications software products
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ReTeC
Concord, MA
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Engineering service, project management and corrective actions at hazardous waste sites
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Richardson
Philadelphia, PA
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Customized sales and leadership training for financial institutions and major corporations
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Ripple
Conshohocken, PA
610-862-4000
www.rippletech.com
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Software to monitor NT servers for failures and security issues.
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Scribe
Bedford, NH
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CRM integration software
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Sentori
Silver Springs, MD
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Billing and customer care software for communications carriers
Sentori was acquired by MIND CTI Ltd., a publicly traded company in a similar market.
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Signal Research
Fair Lawn, NJ
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Largest independent publisher of magazines for the video game and computer entertainment market
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Signius
Somerset, NJ
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Telephone answering, voicemail, paging dispatch, order entry and other messaging services
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Silicon Power
Exton, PA
610-524-1200
www.siliconpower.com
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Advanced power electronics conversion and control technologies for utility, industrial and commercial applications.
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Skills Bank
Baltimore, MD
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Personal computer software for elementary and secondary school markets
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SMX
Kennett Square, PA
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Laser tracking interferometer and software for measuring dimensions of large items.
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Software Alternatives
Maumee, OH
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Application software consulting services
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Strategic Diagnostics
Newark, DE
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Biotechnology-based diagnostic tests for agricultural, industrial and water quality applications
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Submicron Systems
Allentown, PA
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Semiconductor cleaning equipment
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Summit Environmental
Canton, OH
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Environmental consulting service
|
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Symantec
Cupertino, CA
408-253-9600
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Application and utility software
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Sync Research
Irvine, CA
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Frame relay WAN access equipment
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Taratec
Bridgewater, NJ
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Information technology consulting for pharmaceutical and life sciences industries.
Patni Computer Systems (NYSE:PTI) purchased Taratec for $27M. In 2000, Edison led the sole $5M institutional financing. The proceeds were utilized to expand product development, marketing and sales. |
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Telelogic
Malmo, Sweden
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Software tools, services and components for real-time systems software development
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TetraData
Greenville , SC
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Data warehousing, analysis, assessment and reporting solutions for K-12 school districts, state agencies and private institutions.
Follett Software acquired TetraData. Edison realized 3X return and 65% IRR on the $4 million investment.
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Thermacore
Lancaster, PA
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Heat dissipation technology used in portable computers, power electronics, satellites and solar energy.
Thermacore was acquired by Modine for stock valued at 6.5X Edison investment cost. Modine is a leader in thermal management, and is driving Thermacore's leading position in thermal management for electronics, including lap top computers. |
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Trizetto
Newport Beach, CA
www.trizetto.com
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ASP hosting software solutions for healthcare organizations.
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Tylink
Norton, MA
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WAN digital access equipment
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Unclaimed Freight
Bethlehem, PA
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Specialty retailer of discount furniture in Northeast
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US Physicians
Fort Washington, PA
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Disease management services for cancer patients
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USADATA
New York, NY
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Direct marketing automation and integration solutions
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Utimaco
Uberursel, Germany
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PC security administration software
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Vanguard Healthcare
Blue Bell, PA
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Manage OB/GYN physician practices
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Versatility
Fairfax, VA
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Inbound and outbound customer interaction software
|
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ViaCast Networks
Ijamsville, MD
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Hardware and software for high speed transmission of Internet Protocol data, video and audio
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VirtualEdge
Yardley, PA
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Enterprise recruiting software
ADP purchased VirtualEdge. In 2000, Edison led the initial financing and VirtualEdge raised several rounds totaling $5.8 million. Edison realized over 6X return on $4.1 million investment. |
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Visual Networks
Rockville, MD
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Network test and management equipment for frame relay and ATM WANs
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Vocus
Lanham, MD
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Web-based applications for external relationship management.
An IPO was completed on 12/05 followed by a secondary offering on 4/07. Post IPO the stock tripled in value . Edison gradually traded shares on NASDAQ fully exiting on 7/07. Edison realized a 12X return on investment generating $35M in proceeds.
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V-Span
King of Prussia, PA
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Video-oriented collaboration and conferencing services
The private investment firm, Gores Technology Group, acquired V-SPAN and will merge the company with its Wire One Technology unit. |
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Wehran Envirotech
Middletown, NY
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Solid waste land disposal engineering
|
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Yurie Systems
Landover, MD
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Asynchronous trandser mode concentrator and access devices for data and telecommunications
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