“Dan’s proven results in building and running technology and services businesses significantly enhances our ability to invest in and build best-in-class companies.”
PRINCETON, N.J. (PRWEB) August 22, 2018
Leading growth equity investment firm Edison Partners today announced it has expanded its investment team with the appointment of Daniel Herscovici as Partner. Herscovici is a recognized leader in Smart Home, IoT and digital transformation.
As an investment partner, Herscovici’s initial focus will be on the firm’s Enterprise Solutions sector, sourcing and leading investments and helping companies optimize their business strategies and models. Given his extensive operating expertise and experiences, he will spend considerable time in the IoT sector and with companies where small businesses and consumers are target markets.
“Growth-stage technology businesses need more than capital to scale growth and become market leaders,” said Chris Sugden, Managing Partner of Edison Partners. “Dan’s proven results in building and running technology and services businesses significantly enhances our ability to invest in and build best-in-class companies.”
Herscovici most recently served as Senior Vice President and General Manager of Xfinity Home, the Comcast Home Security, Smart Home and IoT business unit. Xfinity Home is recognized as the fastest growing home security business in the U.S. with more than 1.2 million subscribers. See full bio.
"I am delighted to join the Edison team and excited to collaborate with such an outstanding group of investors and company builders,” said Herscovici. “Edison distinguishes itself by investing more than capital in its companies. This holistic view of how to put growth capital to work has proven to deliver outsized returns and made joining the Edison team an easy decision.”
Edison Partners has financed and guided more than 200 private companies. Recent investments include Bento for Business, a Chicago-based provider of financial management solutions for small and midsize businesses, and Giant Oak, the Arlington, VA-based threat protection platform for government and financial service organizations.
About Edison Partners
For more than 30 years,Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey to build successful companies. Through the unique combination of growth capital and the Edison Edge platform, consisting of operating leverage, the Edison Director Network, and executive education, Edison employs a holistic approach to accelerating growth and creating value for businesses. Edison targets companies with $5 to $20 million in revenue in the financial technology, healthcare IT, and enterprise technology sectors. Edison investments also include buyouts, recapitalizations, spinouts and secondary stock purchases.
Edison’s active portfolio has created aggregated market value exceeding $10 billion. Its long-tenured team based in Princeton, NJ manages more than $1 billion in assets throughout the eastern United States.