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Edison Ventures seals 50% IRR from Uptivity sale

28 May 2014

uptivityEdison Ventures has made a 50 per cent IRR by selling workforce management business Uptivity to inContact in exchange for cash and inContact stock.

The company supplies software which handles quality, performance, workforce management and satisfaction surveys as well as call and desktop recording and analytics.

Edison general partner Michael Kopelman said, “Uptivity has consistently outpaced its competitors through product innovation and exceptional customer support.

“We are grateful to chief executive officer Jeff Canter and the Uptivity management team for their entrepreneurial dedication, deep domain expertise and superb execution.”

Edison has invested in and guided more than 175 private companies, including 45 Enterprise technology companies.

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