PE Firm Buys in VirginiaFriday, December 30, 2016
Private equity firm Lotus Innovations LLC in Irvine acquired Edge Technologies Inc. in Reston, Va., on undisclosed terms.
Edge Technologies develops software for network management, cyber security and information integration.
“The data integration market is of critical importance for the enterprise information management space,” said Lotus Innovations Managing Director Christian Mack. “Edge has built strong relationships with technology partners, as well as service providers, global enterprise organizations, and government agencies, to provide consistent access to data spanning these organizations.
Edge founder and Chief Executive Betsy Gorgei will continue with the company.
Lotus Innovations invests in early-stage information technology services companies and provides operations and staff to entrepreneurs. The firm has $40 million under management and is raising $50 million for its second fund. It employs 12, all of them in OC.