Princeton-based Edison Partners has led a $10 million growth investment in Blue Medora, a Grand Rapids, Michigan-based provider of IT monitoring integration, it announced Thursday.
Blue Medora said it will use the funds to increase development in the enterprise market.
“As infrastructure IT becomes more diverse — across hardware, virtual environments and cloud environments — the greatest challenge to monitoring, managing and measuring the performance is the ability to provide a full view into all of the other technologies supporting an application, in real-time,” said Lenard Marcus, general partner for Edison Partners, who led the investment and was named to the company’s board of directors. “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. The company’s strong growth and traction with large enterprises are a testament to the market demand, and we’re thrilled to be partnering with Nathan and team.”
Blue Medora currently interconnects more than 150 technologies in cloud computing, on-premise hardware and virtual desktops.
“With Edison Partners, Blue Medora has found a partner that’s invested in the success of Midwest tech and emerging innovation geographies like ours,” Nathan Owen, CEO and co-founder of Blue Medora, said. “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. We’re excited for the partnership.”
