| Recent Exits |
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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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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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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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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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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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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| New Investments |
ClearPoint
Hoboken, NJ
www.clearpointlearning.com/
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ClearPoint develops web-based learning solutions for the Healthcare and Life Sciences sectors utilizing their proprietary software in graphics technology. Applying advanced education methodologies for professional development, ClearPoint supports sales training, product launches, customer education and regulatory compliance.
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SANpulse
Jersey City, NJ
www.sanpulse.com
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SANpulse offers enterprise infrastructure software and services that facilitate rapid and automated discovery, migration and optimization of the world's largest SAN environments. SANpulse's business-aware technology solutions deliver significant time and cost savings, while alleviating risks in complex and dynamic SAN environments.
Edison completed a $5 million investment in Jersey City, NJ-based SANpulse Technologies. Edison is the sole institutional investor in this rapidly growing software business. The proceeds will be used to expand sales, marketing and development.
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RedVision
Parsippany, NJ
www.redvision.com/
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RedVision is a national independent provider of real property research solutions for lenders, title agents/insurers and attorneys. The company provides a unique software/database platform. RedVision offers a technology-enabled service that delivers accurate real estate information faster and more cost effectively than other solutions.
Edison completed a $6.8 million investment in Parsippany, NJ-based RedVision. Proceeds will be used to expand sales, marketing and development as well fund an acquisition.
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Notable Solutions
Rockville, MD
www.nsius.com/
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NSi is a leading provider of Content Capture Workflow and Business Automation solutions. NSi’s product automates repetitive business processes by integrating paper-based and electronic information into the existing business processes and line of business applications.
Edison completed a $5 million investment in Notable Solutions based in Rockville, MD. The proceeds will be used to expand sales, marketing and development of this later stage company.
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TheInfoPro
New York, NY
www.theinfopro.net/
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TheInfoPro (“TIP”) is a leading supplier of market intelligence for the information technology industry. TIP’s quantitative-based, “voice of the customer” market research is differentiated from traditional qualitative analysis.
Edison completed a $7.25 million investment in TheInfoPro. Edison is the sole institutional investor in this high–growth business. The financing will be used to expand sales, marketing and development.
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| Follow-on Investments |
TraderTools
New York, NY
www.tradertools.com/
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TraderTools provides business solutions, software and services to financial institutions trading foreign currency. The Liquidity Management Platform is the only system to integrate the four disciplines of electronic FX trading: pricing, dealing, order management and execution.
Edison completed a $1.3 million follow-on investment in NY-based TraderTools. The total financing of $2.3 million was led by Edison and included existing investors. The use of proceeds will expand sales, marketing, customer support services and product development. In addition, Co-Founder Yaacov Heidingsfeld has been named CEO. In connection with this financing, John Geraci, former Advent Software sales executive and Edison Director Network member joined the board.
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Inmagic
Woburn, MA
781-938-4444
www.inmagic.com
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Inmagic solutions enable non-technical business users to create and manage Social Knowledge Networks (SKNs). Social Knowledge Networks focus on addressing a business process, such as product innovation, proposal development, or competitive intelligence by bringing together content, people, and tools for information access and discovery. Inmagic Presto and Presto for Social Libraries are cost-effective solutions for increasing productivity, fostering innovation, and improving knowledge retention and preservation.
Edison Venture completed a $1.8 million follow-on investment for Inmagic, Inc., based in Woburn, MA. Edison's cumulative investment reached $6.8 million. The use of proceeds will expand sales, marketing, customer support services and product development.
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PlumChoice
Billerica, MA
781-501-5250
www.plumchoice.com
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PlumChoice provides online computer support for the home, home office and small business market.
Edison completed a $3.0 million follow-on investment in PlumChoice based in Billerica, MA. Edison’s cumulative investment reached $10.5 million. The use of proceeds will expand sales, marketing, client support and product development.
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LogicTree
Bowie, MD
301-352-1050
www.logictree.com
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Speech-enabled solutions for consumers seeking transit and traffic information.
Edison completed follow-on financing in LogicTree. Proceeds will expand sales, marketing and product develoment.
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Neat
Philadelphia, PA
215-382-3300
www.neatreceipts.com
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Scanning productivity solutions for individuals, business professionals and organizations of all sizes.
Edison completed a $1.75 million follow-on investment in The Neat Company. The proceeds will expand sales, marketing and new product development. Edison is the lead institutional investor with a cumulative investment of $7.25 million.
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Presidium
Reston, VA
www.presidiumlearning.com
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Provider of fully managed, multi-channel contact center for strategic Student Relationship Management (SRM), including enrollment, financial aid and educational technology support.
Edison completed a $2 million follow-on investment in Presidium. The proceeds will be used expand operations, marketing and service offerings. Edison’s cumulative investment reached $9.5 million in this rapidly expanding, late stage company serving higher education.
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