Edison Ventures announced that IBM acquired Fiberlink, based in Blue Bell, PA.
Fiberlink's MaaS360 cloud-based platform enables organizations to share, secure and manage information for smartphone, tablet, laptops and other mobile device users. According to IBM, "Fiberlink's MaaS360 offering expands IBM MobileFirst solutions with new cloud-based capabilities to deliver a comprehensive mobile management and security solution for global organizations of all sizes. This acquisition supports IBM's expanding vision for enterprise mobility management, which encompasses secure transactions between businesses, partners and customers."
Jim Sheward, Fiberlink co-founder and former CEO, commented, "In addition to a wicked wit, Ross Martinson provided a valuable blend of principled pragmatism, patience and wisdom. I appreciated the entire Edison team and their significant contribution to the company and to me personally."
Edison Partner Ross Martinson said, "The Fiberlink management team has been a delight in executing as superior managers and thinking like directors. Management anticipated a fast-moving mobile industry to generate excellent strategic and operating performance."
"We are grateful to Jim and the entire Fiberlink management team who combined domain expertise and consistent execution to build a market leader", commented Chris Sugden Edison Managing Partner.
Edison invested and guided more than 175 private companies, including 45 Enterprise companies. Noteworthy exits include Assessment Systems, Axent, InSoft, Marcam and VirtualEdge. Current Enterprise portfolio companies include Billtrust, Kemp Technologies, MotionSoft, NSi, Operative and VFA. Among 45 Pennsylvania private companies, investment successes include E-Transport, Liberty Technology, Neutronics, Nobel Education, SubMicron, Thermacore and TrueCommerce.