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Press Release Press Release Document Transcript

  • Press Release Contact: Edison Venture Fund www.edisonventure.com Ryan Ziegler x38 1009 Lenox Drive #4 ryan@edisonventure.com Lawrenceville, NJ 08648 609/896-1900 tel 609/896-0066 fax Edison Venture Fund Completes Follow-on Investments in Three Portfolio Companies LAWRENCEVILLE, NJ, June 21, 2004 -- Edison Venture Fund announced follow-on investments in Satori, SENTRX and Voxware (OTC: VOXW). While serving different niche markets, all three companies will use the funding to increase sales and marketing initiatives. “These three companies are representative of Edison’s winning investment strategy. Each dominates their emerging niche market using information technology and domain expertise,” remarked John Martinson, Edison Managing Partner. Pennsylvania based Satori provides business performance management software to middle market enterprises, including legal, accounting, consulting, retail and manufacturing firms. SENTRX, recently named Growth Company of the Year at the New Jersey Technology Council Venture Fair, is the leading provider of technology-enabled solutions and services for global drug safety. Also located in New Jersey, Voxware provides a voice-based interface solution for various mobile, industrial and warehouse applications. “Edison has invested in more New Jersey and Pennsylvania based companies than any other venture capital firm,” offered Martinson. “The region is rich with investment opportunities that fit the Edison strategy of investing in expansion stage, emerging growth information technology companies, he concluded.
  • About Edison Venture Fund Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Established in 1986, Edison Venture Fund provides private equity and value-added services to growing information technology businesses. Edison’s 125 investments include venture financings, management buyouts, and secondary stock purchases. Edison invests in expansion stage ($5 to 20 million revenue) companies located in the Mid-Atlantic region. Initial investments range from $3 to 5 million. Edison typically serves as a sole or lead investor. Edison’s staff includes 17 investment professionals based in three offices: Lawrenceville, NJ, Bala Cynwyd, PA, and McLean, VA. Industry specialties include application software, financial services, pharmaceutical IT and electronic products. Edison’s successes include Best Software, Dendrite, Visual Networks, Fiberlink and many information technology leaders, which have a combined market value exceeding $5 billion. Edison currently has $420 million under management and is actively making new investments. Edison is currently seeking new investment opportunities. www.edisonventure.com