Nov 13, 2013
LAWRENCEVILLE, NJ, 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 Company’s geographic coverage of one of the industry’s 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.
“Edison’s strategic counsel and experience accelerating growth of their portfolio companies has been instrumental to our success,” commented RedVision’s CEO Brian Twibell. Joe Allegra, General Partner, serves on the Board of Directors.
“RedVision’s 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 Edison’s 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, Kemp, MotionSoft and RewardNOW.
About RedVision
RedVision® is a leading provider of title searches 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. RedVision delivers complete, consistent and accurate title searches quickly in each customer’s specified format directly into their agency production systems. The result is a dramatic reduction in title processing time and expense. Visit www.redvision.com or call 973-854-9500 today to learn more.
