Strategic guidance and domain expertise ensure successful exit
Chris and the Edison team brought significant resources that were critical to our success – the Edison Director Network, strategic guidance, rich talent pool, and several customers who happened to be Edison Limited Partners.
Edison makes initial investment
Edison makes follow-on investment
Edison recruited CFO, Mark Herman, from prior Edison Portfolio company. Also recruited CTO, Mark Davis
FolioDynamix raises Series B in the amount of $17M from Edison and ABS Capital
FolioDynamix secures $30M contract. Edison provides support and diligence
Edison fully exits FolioDyanmix generating $73.5M in exit proceeds, 6.4X return with 37% IRR on its investment
Active board leadership and domain expertise leads to successful acquisition
Our focus has been to build a company that creates value by tackling our customer’s biggest data challenges with an innovative approach, deep expertise and a partnership mentality. The strategic guidance and support of Ryan and the Edison team has helped us effectively navigate through each stage of our journey.
Edison leads first institutional round, $5.0M investment. Ryan Ziegler joins the board along with EDN Paul Schmidt
Company generates 100% growth rate. Ryan drives strategy and focus with management on business model transformation from transactional sales to subscription with data as a service offering
CRO Mike Bird is promoted to President. Edison invests $3.0M follow-on and leads debt restructuring to fund development of their on-demand marketing data management platform called Workbench
Ryan helps recruit next-stage of company leadership including SVP Sales, CMO and CTO. Leads founder transition to Chairman and promotes Mike Bird to CEO. Workbench is soft launched while driving strategic integrations with marketing automation, CRM and demand generation platforms. Ryan recruits EDN Andre Yee to the board, former head of product of Eloqua and Oracle’s marketing cloud
Workbench platform is fully released to market. Edison invests $3.0M follow-on and introduces Series C investment lead to close on $14M round. World-class sales and marketing team delivers 100% subscription growth. Ryan introduces CEO of Dun & Bradstreet to discuss more strategic relationship
Drove negotiation through sale close. Dun & Bradstreet acquires NetProspex for $125M cash on January 2nd
Strategic guidance and talent recruitment ensures successful acquisition
It's not who you partner with, it's who you have access to. The network of smart and experienced operational people Edison has access to is really a huge value-add.
Edison leads Series B round; Sever Totia joins board; $7M in revenue
Company adds CFO, VP Marketing, VP Development, VP Services; 3 are Edison alumni from previous portfolio companies
$12M revenue; expands in key verticals Financial Services, Manufacturing, Government; adds Security solution
$20M revenue run rate, 35% CAGR; expands across Europe; adds software channel partners
$30M run rate; introduces Mobile and Security solutions; executes tuck-in acquisition
$42M revenue run rate; Nuance acquires company yielding 7.5X return for Edison
The Edison Edge platform drives shared success
Gary Golding’s active board leadership and domain expertise have been a constant for us throughout our entire relationship with Edison. Gary and Edison are all about shared success. Edison provided strategic advice and plenty of value-add as Tangoe has grown.
Edison makes initial investment and introduced Jerry Kokos, VFA CEO (Edison Director Network), as board member
Tangoe acquires Trak Wireless and shifts to a SaaS model
Edison recruited Audit Committee Chair Ron Kaiser to board
$68.5M in revenue, 70 percent CAGR
Tangoe trades Nasdaq (TNGO) at $10 per share, representing a 6X return and 15% ownership for Edison
Edison exits Tangoe with total cash proceeds to Edison of 10X investment cost of $8M.
Accelerated growth results in successful sale
Edison guided accelerated growth through expanded marketing, multiple sales channels and worldwide services.
Edison invests $3M, providing liquidity to earlier shareholders
Edison invests a follow-on $2M, providing liquidity for departed founder. Introduces Chris Randles, Edison Director Network member, to join board
Edison recruits Goldman Sachs as a large private equity investor
Edison recruits Health Evolutions Partners as private equity investor
$50M in revenue, 25% EBITDA. Edison resells holdings with proceeds of $40M, representing 11X return on initial investment and 3X return on follow-on investment
Successful sale to Perkin Elmer
Active leadership and domain expertise builds a clear market leader
Edison focused on building a market leader from day one. Chris Sugden’s active board leadership and domain expertise were a constant for us.
Edison leads series B investment
Chris Sugden joins board and facilitates company purchase of founder CEO shares, transitioning him to Chairman and promoting Glenn Stevens to CEO
$80M run rate; $710M valuation
$153M in revenue, 42% CAGR. Edison recruits next-stage leadership team
Gain trades on NYSE (GCAP), resulting in an 18X return and 13% ownership to Edison
Completes distribution of entire holding of GAIN Capital (GCAP) shares to its limited partners resulting in 17x return
Active board leadership and talent recruitment builds the PR SaaS leader
Edison was an effective advisor and value-added contributor to the rapid rise of Vocus as the market leader.
Edison makes initial $2M investment when company was government relations software provider
Edison introduces Bill Donnelly as VP of Sales (Edison Director Network member), leading 20 consecutive quarters of revenue growth
Vocus trades on Nasdaq at $9 per share with $140M pre-money valuation
Edison introduces CMO Bill Wagner (Edison Director Network member), who achieved 30% annual growth and recognition as the dominant industry leader
Acquisition of PR Web closes
Edison fully exits market leader with 12X return
Strategic guidance ensures business transformation and successful acquisition
Edison Ventures contributed strategic guidance that enabled us to shift from a services to a software company, as well as pharma outsourcing best practices.
Edison invests $3.4M and begins to guide the shift from services to software solution selling and productized offering
Edison adds Jo Webber (Edison Director Network member) to board
Edison makes $3M follow-on financing
Edison recruits new investors for $10M financing to spur growth and provide liquidity to founders; Edison makes $3.6M follow-on investment, and adds Chuck Saldarini to the board who subsequently joins the company as interim sales and marketing executive
$50M in revenue; Edison refers Accenture as acquirer and receives 5X return on exit
Current management providing world-class CRO software and services at Accenture
Executive network and strategic advisory builds value and drives to successful exit
Edison contributed capital and strategic guidance. Operational experience and a strong network made Edison the ideal equity partner.
Edison invests $4 million and selects Pritam Advani (Edison Director Network) for the board
Edison brings Bob Skinner (Edison Director Network) to the board
Edison recruits Nick Manolis as COO & CFO
Edison champions Manolis for promotion to CEO, who accelerates growth to 35%
Leading competitor, High Jump Software, completes IPO at favorable valuation; Edison promptly leads process to market company for sale
High Jump Software acquires TrueCommerce. Edison receives 4X return on investment
Strong leadership builds the fastest-growing tax preparation company
John Hewitt is a pioneer in the tax preparation industry. He exemplifies the best of the entrepreneurial spirit and has been an inspiration to all of us at Edison.
Edison invests $3.3 million and recruits George Robson (Edison Director Network) to the board
Edison recruits Ross Longfield (Edison Director Network) to the board
Edison recruits Mark Baumgartner as CFO
#15 overall on Entrepreneur magazine’s Franchise 500
Begins trading on Nasdaq (TAX) at $14.99 per share
Edison exits with just under 14X return