Edison Partners exits Kemp Tech with positive return

By Emily Bader
Princeton | Apr 5, 2019 at 11:52 am

The exit helped generate a positive return and IRR for Edison, it said.

“When Edison made its investment we promoted Ray Downes from GM of International to CEO and the decision paid off,” Lenard Marcus, general partner of Edison Partners and Kemp board member, who led the investment, said. “The company’s hyper-focus on its customers and products has Kemp well-positioned to favorably compete against the top vendors in the market. The Mill Point transaction will enable Kemp’s management team to continue the company’s global expansion as they move up-market to the enterprise segment.”

Kemp CEO Ray Downes will continue to lead the company. It currently operates on a global basis with regional hubs in Limerick, Ireland; Munich, Germany; Singapore; and Sao Paulo, Brazil.

“Our experience with Edison Partners was exceptional; Lenard and team played an integral role in helping us execute our growth strategy and achieve record performance. We are grateful for their guidance over the last six years, and we look forward to partnering with Mill Point on continuing to deliver innovative solutions and services and pursuing a new level of growth,” Downes said.

Emily Bader | ebader@roi-nj.com | emilybader