Marlin Equity Partners of Los Angeles has acquired a majority interest in Edgenet, a provider of cloud-based product content software  and home improvement configuration software and services based in Nashville, Tenn. The investment comes following a period of rapid transformation for the company, which was purchased by former Edgenet executives and a local Nashville-based private equity group in June 2014.

Since Edgenet was acquired by current CEO Steve Proctor, executive vice president Tim Stafford, private equity firm Resolute Capital Partners and other investors, the company says it has experienced a 40 percent increase in recurring revenue growth over nine consecutive quarters and has nearly doubled the number of customers in its network.

“Edgenet is proof of what can happen when you have best-in-class products backed up by a great team,” said Proctor, who added that he and Stafford will continue in their roles of CEO and executive vice president. “Thanks to this combination of people and product, we have consistently experienced strong growth since 2014. We are excited to wrap up our best year ever and 2017 is shaping up to be even better.

Edgenet offers a suite of SaaS (software as a service) solutions that enable the exchange of detailed product information that can be used by retailers, manufacturers and suppliers to manage product data and streamline sales processes. The company’s PCN software platform allows suppliers to collect, upload and share product information, marketing attributes and logistical data with retailers. Its configuration tools help facilitate and simplify the design, ordering and manufacturing of configurable products including doors, windows, decking and fencing.

 

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