Edison’s investment marks the first institutional capital in OptionsCity, and will give Edison a minority ownership stake. The investment will accelerate the Company’s sales and marketing efforts, product innovation and international expansion.
Edison Ventures proudly announces a $5M growth capital financing in leading casual games developer, Arkadium. Edison’s investment is the first outside capital in Arkadium. The investment will expand the Company’s proprietary distribution network, accelerate product innovation and rapidly increase the number of cross platform game titles put into development.
Edison Ventures announced a $9.5 million investment in Lincor Solutions. At closing the Company will move its global headquarters to Nashville, TN while maintaining research, development and sales offices in Cork, Ireland.
Edison’s $8.0M investment accelerates national sales expansion, fuels product innovation and increases vendor partnerships domestically and abroad. Co-investors include Charles River Ventures, IA Capital Partners, NYC Seed, Jerry Neumann and the Kraft Group.
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 Ventures today announced that Triple Point Technology acquired WAM Systems, based in Plymouth Meeting, PA. Edison expects to achieve 3X return.
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%.
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.
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.
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 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.
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.