| 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 |
Business Financial Services
Raleigh, NC
www.businessfinancialservices.com/
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BFS provides cash advances to merchants throughout the United States. The advances are automatically repaid from the merchants’ credit card processor.
Edison completed a $9 million initial investment in Business Financial Services, Inc. based in Raleigh, NC with operations and marketing in Coral Springs, FL. The proceeds will be used to expand marketing and sales and provide shareholder liquidity.
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Agentek
Alpharetta, GA
(678) 393-1808
www.agentek.com
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Agentek offers communications technology that rapidly deploys mobile applications to large and small organizations.
Edison Venture Fund announced an $8 million investment in Agentek. The proceeds will be used to expand marketing, sales and development.
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Portico Systems
Blue Bell, PA
610-629-1000
www.porticosys.com/
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Portico Systems provides industry leading software solutions to health insurance plans for provider network management. Portico’s modular platform streamlines operations to improve claims processing, provider data administration and quality of service.
Edison completed a $4.9 million investment for Portico Systems. Safeguard Scientifics participated in this $7.7 million financing. The proceeds will be used expand sales and marketing plus shareholder liquidity.
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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 $4.3 million investment for Formatta. Edison is the sole institutional investor. The proceeds will be used to expand marketing, client support and product development.
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Inmagic
Woburn, MA
781-938-4444
www.inmagic.com
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Organizations use Inmagic’s Web-based software to catalog, search, retrieve and publish a wide range of content. Corporate, government and non-profit customers tap the value of intellectual and digital assets. Inmagic facilitates collaboration and social interactions for communities both within and outside the organization.
Edison announced a $5 million investment for MA-based Inmagic. Edison is the sole institutional investor. The proceeds will be used to expand product development, support, marketing and sales plus provide shareholder liquidity.
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Verilogue
Fort Washington, PA
215-906-3140
www.verilogue.com
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Verilogue’s patent-pending technology system captures real-time physician-patient conversations at the point-of-practice™. The company’s nationwide database of interactions provides feedback on specific
medicines, competitive positioning and communication materials.
Edison announced a $4 million investment in Fort Washington, PA-based Verilogue. Edison is the sole institutional investor. The proceeds will be used to expand development, marketing and sales.
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| Follow-on Investments |
M5 Networks
New York, NY
646-230-5000
www.m5net.com
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Outsourced hosted VoIP communications.
Edison completed a $2 million follow-on investment in M5 Networks headquartered in New York, NY. Edison’s cumulative investment reached $7 million. Edison led the growth financing round totaling $3 million for this expanding business. The use of proceeds will expand sales, marketing and product development.
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NeatReceipts
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 NeatReceipts. 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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Health Market Science
King of Prussia, PA
610-940-4002
www.hmsonline.com
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Customer Data Integration software to include extraction and matching. Physician profiles, healthcare provider profilers, data scrubbing and analysis.
Edison completed a $10 million follow-on investment in Health Market Science. Edison led this $42 million recapitalization with Edison institutional Limited Partners, making this Edison's all time largest investment at $14 million.
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Telarix
McLean, VA
703-564-9600
www.telarix.com
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Leading provider of Interconnect Business Optimization solutions to global wireline, wireless, broadband and VoIP communications service providers
Edison completed a $1.5 million follow-on investment. The proceeds will expand sales, marketing and development.
In 2003, Edison was the sole investor in the company’s first institutional round of financing. Edison’s cumulative investment in Telarix has reached $8.9 million.
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Archive Systems
Fairfield, NJ
973-287-1300
www.archivesystems.com
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Outsourced document storage, imaging and retrieval. Offering both electronic scanning and physical records management.
Edison completed a $1.9 million follow-on round in Archive Systems. Edison’s cumulative investment totals $7.0M.
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Operative
New York, NY
212-994-8930
www.operative.com
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Develops products and services to streamline online advertising operations for publishers
Edison Venture completed a $1.0 million follow-on investment in New York City-based Operative. Edison is the sole investor with a cumulative investment of $5.5 million. The proceeds will be used to accelerate the Company's development and sales efforts.
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