Edison Ventures Completes Follow-on Investment in RedVision Supports Growth of NJ-based Real Property Research Provider
November 13, 2013 --
Lawrenceville, NJ (PRWEB) November 13, 2013
Edison Ventures is pleased to announce a $5 million follow-on investment in NJ-based RedVision. Edison was joined in this $10M financing round by co-investor Updata Partners. Cumulatively, Edison Ventures has invested $12.1 million in RedVision. Proceeds will be used to expand the Companys geographic coverage of one of the industrys leading electronic real property databases.
RedVision is the leading independent provider of title and real property research solutions across the nation, serving over 1,600 customers in the real estate industry, including lenders, title underwriters, title agents, attorneys and settlement/default servicing firms completing over 1.2 million title searches in 2012.
Edisons strategic counsel and experience accelerating growth of their portfolio companies has been instrumental to our success, commented RedVisions CEO Brian Twibell. Joe Allegra, General Partner, serves on the Board of Directors.
RedVisions management team is recognized as a leader and innovator in their industry, stated Allegra. They are delivering automation and national scale to real property research.
RedVision is part of Edisons Enterprise 2.0 and Financial Technology sectors which encompasses enterprise software, data analytics, risk management, market data and analytics and consumer services. Notable exits include Best Software, Tangoe, VOCUS, POMS, Gain Capital, and EdgeTrade. Other recent investments in these sectors include Andera, Options City, eSentire and Kemp, MotionSoft, RewardNOW.
About Edison Ventures
Edisons investment professionals are based in Lawrenceville, NJ, New York, NY, McLean, VA, Needham, MA, and Cleveland, OH. Industry specialties include Financial Technology, Healthcare IT, Interactive Marketing and eCommerce and Enterprise 2.0. Edisons successes include Best Software, Cambridgesoft, Dendrite, Gain Capital, Liberty Tax, M5, Magnetic, Marcam, Mathsoft, MediaBrix, Neat, NetProspex, Octagon, PlumChoice, Tangoe, Virtual Edge, Visual Networks, Vocus and many other information technology leaders, which have a combined market value exceeding $5 billion. Edison Ventures currently manages over $700 million and actively making new investments. For more information on Edison Ventures, please visit http://www.edisonventures.com and follow us on Twitter @edisonventure.
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