VFA Secures $3.0 Million in Venture Capital Funding

Edison Venture Fund Increases Stake in Company with an Additional $2.0 Million Investment

Boston, MA – January 4, 2005 – VFA, Inc., the leading provider of software and services for facilities management and capital planning, today announced it secured an additional $3.0 million in venture capital funds. This latest round includes a $2.0 million follow-on investment from Edison Venture Fund, bringing its total investment in VFA to $6.5 million since 2001. Strong support was also received from the Company’s largest shareholder, the Vanderweil family, which invested an additional $1.0 million.

"This investment by our existing shareholders is a strong vote of confidence in the Company and its employees," said Jerry Kokos, president and CEO, VFA. "We will use the funds to expand our sales force and indirect distribution channels, accelerate our software development and grow our consulting business."

Since its founding, VFA has assessed more than 16,000 properties worldwide totaling more than 750 million square feet. VFA’s Web-based software, VFA.facility®, currently manages over one billion square feet of real estate. In the past year, VFA has signed contracts with more than 25 organizations, including ABN Amro Bank, University of Georgia, National Cancer Institute, New Jersey School Construction Corporation, the National Oceanic and Atmospheric Association and the Virginia Department of General Services, to name just a few. Additionally, the Company continued to make a significant impact in the Canadian market, securing contracts with the cities of Waterloo, Winnipeg and Thunder Bay as well as the University of Manitoba.

"VFA has gained acceptance with Fortune 500 Companies, healthcare groups, K-12 schools, higher education and federal/state agencies," said John Martinson, Edison managing partner and VFA director. "Combining comprehensive software and domain expertise, VFA has emerged as the capital planning leader."

Kokos concluded, "Edison’s strategic counsel and business network have been instrumental to our success. I look forward to continuing our work with them as we rapidly expand our business."

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 $3 to 5 million. Edison typically serves as a sole or lead investor. In addition to providing expansion capital, Edison funds management buyouts, spinouts and secondary stock purchases. Edison's 17 investment professionals are based in three offices: Lawrenceville, NJ, Bala Cynwyd, PA, and McLean, VA. Industry specialties include application software, education, financial services, pharmaceutical IT and electronics. Edison’s successes include ACT!, Best Software, BTG, Dendrite, E-Transport, Fiberlink, Gain Capital, Marcam, POMS, Princeton Financial Systems, Tangoe, Visual Networks, Vocus, and many information technology leaders, which have a combined market value exceeding $5 billion. Edison currently has $420 million under management and is actively making new investments.
Company Website: http://www.edisonventure.com