Ann Arbor's EDF Ventures records profitable exit

Ann Arbor's EDF Ventures just added another solid base hit to its scorecard, recording a profitable exit from the acquisition of Greenplum.

The Silicon Valley-based firm provides disruptive data warehousing technology, a key enabler of "big data" clouds and self-service analytics. It is being acquired by EMC Corp so it can beef up its information infrastructure business.

This is the first profitable exit for EDF Ventures since Becton-Dickinson acquired HandyLab last fall. The downtown-based firm, which employs seven people, has 15 active companies in its portfolio, including local star start-up Lycera. Of those 15 firms, five are based in Michigan.

"We have several promising companies in our portfolio," says Mary Campbell, managing director of EDF Ventures.

Source: Mary Campbell, managing director of EDF Ventures
Writer: Jon Zemke

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Ann Arbor's EDF Ventures records profitable exit

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