Edison Ventures Completes Follow-on Investment in RedVision Supports Growth of NJ-based Real Property Research Provider
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 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 and Kemp, MotionSoft, RewardNOW.
About Edison Ventures
Established in 1986 Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to later stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $5 to 10 million. Edison typically serves as sole or lead investor. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison’s 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. Edison’s 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.
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 http://www.redvision.com or call 973-854-9500 today to learn more.
Tricia Bradley, Edison Ventures, http://www.edisonventures.com, +1 (609) 873-9224, [email protected]
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