Edison Ventures, the venture capital firm at 1009 Lenox Drive, is investing in two information technology companies, one of them deadly serious, the other, not so much. On March 11 Edison announced it was investing $9.5 million in Lincor, a Tennessee-based medical systems provider. On March 14, Edison announced a $5 million investment in Arkadium, a casual games developer located in New York.
Lincor’s MEDIVista platform, which includes software, servers, and patient terminals, helps hospital staff communicate and store and share records and images. For patients, Lincor provides multimedia entertainment, education, and communications services. Lincor’s products are used in more than 100 hospitals.
Edison principal Leonard Marcus said Lincor’s technology had proven itself and that the company had a good record of keeping clients. “Hospitals utilizing the technology have demonstrated increased physician-patient interactions, lower patient re-admissions, and an improvement in clinical outcomes,” he said.
Lincor is headquartered in Nashville, with offices in Cork, Ireland.
Arkadium develops casual games for the web and the Windows platform. The family-owned company created the versions of Minesweeper, Mahjongg, and Solitaire that come with the Windows 8 operating system in addition to puzzle games like Taptiles and Mahjongg Dimensions. Arkadium’s games are available on Facebook, mobile phones, and other platforms.
Edison principal Ryan Ziegler called Arkadium a high-growth technology company and praised its “powerful distribution relationships.” Arkadium also has offices in Canada and Ukraine.
Edison Venture Fund, 1009 Lenox Drive, Building 4, Suite 200, Lawrenceville 08648; 609-896-1900; fax, 609-896-0066. John H. Martinson, managing partner. www.edisonventure.com.
