Vox Mobile
Cleveland, OH
Edison Ventures announced a $7.5 million investment in Cleveland, OH-based Vox Mobile. Edison led the financing, with limited partner Permal Capital participating. The proceeds will be used to accelerate sales/marketing expansion, increase product development, support channel partners, and increase international presence.
Edison Ventures announced a $7.5 million investment in Long Island based KEMP Technologies. Edison led a $16M buy-out with Kennet Partners and Orix. The proceeds will be used to support product development, accelerate sales expansion and expand the company’s international presence.
Edison announced a $4M investment as sole investor for this high growth digital media business.
Edison Ventures announces a $6.5 million investment in Columbus, OH–based CallCopy. Edison is the sole investor in this late stage software business. CallCopy is an innovator in the Enterprise 2.0 space. The Company provides call recording, performance management, and analytics software products that provide actionable intelligence to customers and agents worldwide. Proceeds from the company’s first institutional round support sales expansion, product development and founder liquidity.
Edison Ventures announced a $5 million investment in Washington, DC–based Salsa Labs. Their suite of online applications enables associations, non-profits and campaigns of all sizes to engage and organize supporters. Proceeds from the company’s first institutional round will increase investments in development, marketing and sales to accelerate growth.
Edison Ventures completed a $4 million investment in Brooklyn, NY–based Lifebooker. This online marketing and advertising solution attracts clients for small and mid-size health and beauty businesses. Edison’s financing and guidance will accelerate national expansion beyond New York and Los Angeles.
Edison Ventures completed a $6 million investment in LearningGuide Solutions, based in Bethesda, MD and Den Bosch, Netherlands. Edison is the sole institutional investor in this corporate education software and services company. Proceeds will expand development, sales and marketing plus provide shareholder liquidity.
Edison Ventures completed a $5.5 million initial investment in NetProspex, headquartered in Waltham, MA. NetProspex provides a sales and marketing database built upon user-contributed business contacts. Proceeds will expand sales, marketing and product development for this growth-stage, web-based data business.
Edison Ventures announced a $7.5 million investment in Andera headquartered in Providence, RI. Andera is leading provider of customer acquisition solutions to over 425 financial institutions ranging from major banks to community credit unions. Proceeds will expand sales, marketing and product development for this late-stage, financial technology business.
Edison announced a $4 million investment in Premier Healthcare Exchange, Inc. (PHX) based in Bedminster, NJ. Edison is the sole institutional investor in this late stage healthcare cost management company. Proceeds will expand sales, marketing and shareholder liquidity.
Motionsoft spans local, nationwide and worldwide fitness enterprises. Their core club management, payments services and marketing software automates membership retention and recruitment. Clients include health clubs, corporate and hospital based wellness centers, and universities such as Equinox, Gold's Gym, Starbucks, Mayo Clinic and Duke Fitness Center.
Edison announced a $5 million investment in Nashua, NH-based DiagnosisONE. Edison is sole institutional investor for this expansion stage, healthcare information technology business. Proceeds will expand sales, marketing and development.
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.
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.
M5 Networks Acquired by ShorTel. With the addition of M5’s hosted Unified Communications to its portfolio, ShoreTel is in a unique position to offer both on-premise and hosted VoIP and UC solutions. This will enable ShoreTel to attract new customers, open new channels, and increase revenue streams at a time when companies are increasingly considering cloud-based services.
Edison Ventures proudly announces that Tangoe, Inc. of Orange, CT started trading on Nasdaq Global Market under the symbol TNGO on July 27, 2011. Deutsche Bank Securities and Stifel Nicolaus Weisel co-led the offering. From 2002 to 2010 revenue grew from just over $1 million to $68.5 million, a compound annual growth rate of 70%. Tangoe’s $10.00 per share IPO price represented a 6X return for Edison’s total investment of $8 million. After the offering Edison holds 15% ownership, and Tangoe’s largest shareholder.
Edison Ventures announced that technology partner company Portico Systems, Inc. has been acquired by McKesson. Edison expects to receive $18.7 million related to its equity interest in Portico, of which $15.9 million was paid upon closing, $1.8 million will be held in escrow, and $1.0M will be contingent upon the attainment of certain performance milestones.
Edison Ventures announces Blackboard has acquired Presidium. Edison received over $20 million in proceeds generating 35% IRR.
Edison Ventures proudly announced that GAIN Capital Holdings, Inc. started trading on the New York Stock Exchange under the symbol “GCAP”. Morgan Stanley and Deutsche Bank Securities co-led the offering. Edison realized an 18X return on securities sold in the IPO. After the offering Edison’s ownership is 13%. Edison invested in GAIN when the Company was less than $5 million revenue. From 2005 to 2009 revenue grew from $38 million to $153 million, a compound annual growth rate of 42%.
CambridgeSoft repurchased all stock held by Edison Ventures. Total Edison proceeds of $40 million represents 11X return on initial investment and 3X follow-on investment. Most of Edison's $5 million investment was secondary purchases from early shareholders in this highly cash flow positive company.
Edison announced that HighJump Software acquired TrueCommerce, based in suburban Pittsburgh. Edison Ventures will receive 4X return on investment and achieve 30% IRR.
EdgeTrade
New York, NY
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.
Longview Solutions
Conshohocken, PA
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.
Vocus
Lanham, MD
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.
Vox Mobile
Cleveland, OH
Edison Ventures announces a $7.5 million investment in Cleveland, OH-based Vox Mobile. Edison led the financing, with limited partner Permal Capital participating. The proceeds will be used to accelerate sales/marketing expansion, increase product development, support channel partners, and increase international presence.
Edison Ventures completed a $2 million follow-on investment in MD-based MotionSoft. The Company is a leading provider of Software-as-a-Service (SaaS) and payment solutions to the health and wellness industries. Proceeds will increase development, sales and marketing.
FolioDynamix, the leading provider of on‐demand technology and product solutions to wealth management advisory industry, announced a $16 million investment by Edison Ventures and ABS Capital Partners. FolioDynamix will use the funds to expand product and technology platform and increase sales and marketing investment. Edison’s cumulative investment reached $12 million.
Outsourced hosted VoIP communications. Edison Ventures completed $2.6 million follow-on investment in M5 Networks, hosted VoIP provider headquartered in New York City. Greycroft Partners and Milestone Venture Partners participated in $4.1 million round. Proceeds utilized to expand national sales team and acquire Chicago based Geckotech. Edison's cumulative investment reached $11.9 million.
Edison Venture announced the completion of $8 million follow-on financing in Blue Cod Technologies led by General Electric Pension Trust. Edison has invested $5 million cumulatively. Proceeds accelerate Blue Cod's expansion of development, sales and operations.
Health Market Science
2700 Horizon Drive
King of Prussia, PA 19406
610-940-4002
Edison completed $1.4 million follow-on investment in Health Market Science headquartered in King of Prussia, PA. Cross Atlantic Capital Partners of Radnor, PA, led $6.1 million financing with three Edison Limited Partners co-investing. Edison's cumulative HMS investment reached $18.5 million.
Edison completed a $2.5 million follow-on investment in The Neat Company. The proceeds will expand sales, marketing and product development.
Edison completed a $1.5 million follow-on investment in SellMyTimeshareNOW based in Dover, NH. The use of proceeds will expand sales, marketing, customer support and product development.
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.