Venture capital firm Edison Partners exited Parsippany, NJ-based RedVision Systems, a provider of title and real property research.
The company has been acquired by First American Financial Corporation (NYSE: FAF), a provider of title insurance, settlement services and risk solutions for real estate transactions, for an undisclosed amount.
Led by CEO Brian Twibell, RedVision offers title evidence solutions, including data, technology and managed services focused on the procurement and processing of title information.
Since 2006, the company has delivered more than 7.5 million title reports to 1,600+ client organizations, including financial institutions, title underwriters, settlement service providers, national agents, local agents, lenders, attorneys and foreclosure/default processing firms.
Edison Partners has financed more than 200 private companies, including 46 Enterprise 2.0 companies. Noteworthy exits include Archive Systems, Assessment Systems, Axent, InSoft, Marcam, Notable Solutions, Octagon, Tangoe, Telarix, VirtualEdge, Uptivity, and VFA. Current Enterprise portfolio companies include All Traffic Solutions, eSentire, Kemp Technologies, Logfire, MotionSoft, Neat, and Operative.
FinSMEs
21/09/2016