Nov 17, 2014
Edison Partners Exits Facilities Capital Planning & Management Leader
LAWRENCEVILLE, NJ, November 17, 2014 – Edison Partners announced today that VFA, Inc., located in Boston, MA, has been acquired by Accruent, the leader in real estate and facilities management solutions.
For 16 years, VFA has enabled more than 600 organizations to effectively assess their real estate portfolios, allocate capital, and make better decisions. The company’s cloud software solutions serve Government, Education, Healthcare, and Corporate customers in 35 countries worldwide.
“Jerry Kokos took this spin-out from Vanderweil and created a clear industry leader in facility capital planning and management across the United States, Canada and the United Kingdom,” said Gary Golding, Edison General Partner.
“The quality and quantity of the VFA customer base speaks for itself.” Golding served on the board along with Edison General Partner John Martinson and Edison Director Networkmember Tom Ebling.
“I cannot over emphasize the importance of the contributions Edison Partners made to our success,” said VFA President and CEO Jerry Kokos. “Edison provided invaluable strategic insights, guidance, and support at critical turning points in our business -- a true partner in every sense of the word.”
VFA was advised by Vaquero Capital, a merchant banking & advisory firm located in San Francisco.
Edison has financed and guided 200 private companies, including more than 80 Enterprise 2.0 technology companies. Noteworthy exits include Fiberlink, M5, Notable Solutions, Octagon, Tangoe, VirtualEdge and Uptivity. Current Enterprise 2.0 portfolio companies include Archive Systems, Billtrust, CheckPoint HR, eSentire, Kemp, Logfire, MotionSoft, Neat, Plumchoice, Redvision and Vox Mobile.
About VFA
VFA is the market leader in providing end-to-end solutions for facilities capital planning and management. Through its assessment services and cloud-based software products, VFA enables clients to assess their portfolios, allocate capital, and make better decisions in supporting their organizations’ mission and strategy. VFA’s solutions are used by over 600 organizations worldwide across a variety of industries including Federal, State and Local Government, Higher Education and K-12, Healthcare, and Fortune 500 corporations. Founded in 2000, VFA is headquartered in Boston, Massachusetts with offices in Canada and the United Kingdom. For more information, visit www.vfa.com.
About Accruent
Accruent helps real estate and facilities leaders deliver long-term, world-class operational and financial performance through industry-specific suites that deliver greater customer value. Accruent’s solutions are at work in more than 4,000 leading organizations worldwide, including 40% of the Top 100 Retailers, 20% of the Fortune 500, 100 leading universities, all of the Top 4 U.S. Wireless Carriers, 40% of U.S. hospitals, and leading service providers managing more than 4 billion square feet of property. Founded in 1995, Accruent is headquartered in Austin, Texas, with offices in Santa Monica, California; Evanston, Illinois; Columbus, Ohio; Pittsburgh, Pennsylvania; Boston, Massachusetts; Calgary, Alberta, Canada; and Hong Kong. For more information, visit www.accruent.com.
