Lotus Innovations Fund, an Irvine, California-based private equity investment fund, acquired Edge Technologies Inc., a Washington, DC-based software development company focused on core practices in data visualization and information integration.
The amount of the deal was not disclosed.
The company intends to use the proceeds from the investment to accelerate technology development and growth.
Led by Chief Executive Officer and Co-founder Betsy Gorgei, Edge enables secure access, complete integration, role based visualizations and information sharing in large, heterogeneous and critical IT environments. The Edge’s patented content retrieval and management system, which includes 120+ out-of-the-box integrations with 60 different vendor’s applications, is used by Fortune 500 companies, managed service providers, and government agencies across the Latin America, EMEA, and Asia-Pacific regions.