Blue Medora picks up $10 mln
Summary
Edison Partners today announced leading a $10 million growth investment in Blue Medora, the Grand Rapids, MI-based leader in IT monitoring integration.In partnership with strategic sales channels, including VMware and New Relic, Blue Medora’s customer base has increased by 60 percent to more than 350 marquee brands, such as Chase, Delta and Safeway.“Nathan has brought a unique vision to IT monitoring integration, creating an IT system health connector that provides a singular view of a company’s entire IT ecosystem and complete interoperability of its tech stack.“Edison brings exactly the right combination of growth capital and strategic value-add, with their Edison Edge operating platform, that we need to accelerate market adoption, increase enterprise value, and scale our business to the next level.A team of experts in financial technology, healthcare IT and enterprise solution sectors, Edison targets high-growth companies with $5 to $20 million in revenue; investments also include buyouts, recapitalizations, spinouts and secondary stock purchases.
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