Edison Venture Finances Inmagic

Dec 14, 2007

Edison Venture Fund announced a $5 million investment for Inmagic, headquartered in Woburn, MA. Edison is the sole institutional investor. The proceeds will be used to expand product development, support, marketing and sales, plus provide shareholder liquidity. More than 5,000 organizations around the world use Inmagic's web-based software to catalog, search, retrieve, and publish a wide range of content. Inmagic facilitates collaboration and social interactions for communities both within and outside the organization.

(www.edisonventure.com, www.inmagic.com)