VFA Completes Fourth Financing Round

Funding Allows VFA to Expand, Innovate and Maintain Leadership Position in Capital Planning Software Market

BOSTON--(BUSINESS WIRE)--VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, announced today the completion of a $3 million Series D investment from current investors. The funding includes $1.8 million from Edison Venture Fund and $1.2 million from private investors. The company will use the new funding round to accelerate software development and expand into new vertical and geographic markets. The latest round of funding brings Edison Venture Fund’s total investment in the company to $8.3 million.

“The continued investment of our shareholders is a testament to the common vision we share, the strong demand for capital management solutions, and their confidence in VFA’s ability to capitalize on this market opportunity,” said Jerry Kokos, President and CEO of VFA. “This new round of funding will help VFA to build on the strong foundation we have already established by continuing to expand our suite of products and services and extending our market reach.”

VFA provides some of the world’s largest organizations in healthcare, financial services, education, government and corporate markets with facility assessment services, Web-based software solutions and business consulting services to support strategic capital asset planning and management. More than 300 organizations, including the U.S. Army Medical Command, the State of Missouri, and Sisters of Mercy Health System have used VFA solutions to maintain accurate data about their property, create cost-effective capital projects, streamline the capital budgeting process, increase long-term utilization of assets, and reduce capital asset costs over time.

“VFA has established itself as the leader in the facilities capital planning market,” said John Martinson, Managing Partner at Edison Venture Fund and member of the VFA Board of Directors. “We see organizations increasingly seeking to implement more strategic approaches to capital management, and VFA is uniquely positioned to support them in that goal. The company’s dramatic rate of customer adoption across government, education, healthcare and corporate sectors speaks for itself.”

About Edison Venture Fund

Established in 1986, Edison partners with entrepreneurs, service providers and other financing sources to build successful companies. Edison provides capital and value-added services to expansion stage ($5 to 20 million revenue), information technology businesses. Initial investments range from $4 to 7 million. Edison typically serves as a sole or lead investor in financings up to $10 million. In addition to providing expansion capital, Edison funds management buyouts, recapitalizations, spinouts and secondary stock purchases. Edison’s 15 investment professionals are based in three offices: Lawrenceville, NJ, West Chester, PA, and McLean, VA. Industry specialties include application software, communications, financial technology, healthcare IT and business services. Edison’s successes include Axent, Best Software, BTG, Dendrite, Gain Capital, Marcam, Mathsoft, Octagon, Princeton Financial, QSS, Visual Networks and many other information technology leaders, which have a combined market value exceeding $5 billion. Edison currently has $450 million under management and is actively making new investments. www.edisonventure.com

About VFA

Headquartered in Boston, VFA, Inc. is the leading provider of end-to-end solutions for facilities capital planning and asset management. VFA’s Capital Planning and Management Solution (CPMS™) uniquely combines facility assessment services, Web-based software, and business consulting services to enable clients to manage every stage of the capital asset lifecycle—from requirements gathering and long-term planning to capital budget creation and spend management. VFA has helped more than 300 organizations in education, federal, state and local government, healthcare and corporate markets to strategically manage more than two billion square feet of real estate. For more information, please call 800-693-3132 or visit http://www.vfa.com.