Capsilon Announces Growth Investment from Francisco Partners
Press Releases — Jun 07, 2016
New Partnership Will Help Mortgage Technology Leader Accelerate Growth and Product Innovation throughout the Mortgage Industry Value Chain
Capsilon Corporation, a provider of cloud-based document and data management solutions for the mortgage industry, today announced an investment from Francisco Partners, a technology-focused private equity firm. The growth investment will provide Capsilon with a capital partner to support product innovation and keep pace with growing demand from mortgage lenders, investors, and servicers.
“We are extremely excited to announce this investment by Francisco Partners, and we look forward to their support as we advance our vision of dramatically reducing the cost of loan production through automation,” said Sanjeev Malaney, CEO of Capsilon. “Capsilon will use the capital to expand our product portfolio, and we will leverage Francisco Partners’ technology and financial services end-market expertise to expand our customer footprint.”
Capsilon partners with companies that originate, analyze, and trade mortgage loans to understand their process workflows and deliver award-winning technology that solves critical business challenges. Capsilon’s flagship product, Capsilon DocVelocity®, helps mortgage companies reduce costs and ensure compliance by automating key steps along the mortgage lifecycle.
“Sanjeev Malaney and his team are transforming the mortgage industry from labor-based to technology-driven,” said Jason Brein of Francisco Partners. “We are thrilled to back Capsilon as it automates the process of accepting, organizing, and extracting intelligence from mortgage documents.”
GCA Savvian Advisors, LLC acted as exclusive financial advisor and Wilson, Sonsini, Goodrich & Rosati, LLP acted as legal advisor to Capsilon Corporation. Raymond James & Associates acted as exclusive financial advisor and Kirkland & Ellis, LLP acted as legal advisor to Francisco Partners. The transaction is subject to customary closing conditions. Financial terms of the transaction were not disclosed.
About Capsilon Corporation
Capsilon provides comprehensive cloud-based document and data management solutions that enable mortgage lenders, investors and servicers to increase productivity and lower costs, while ensuring compliance. The company’s flagship product, Capsilon DocVelocity®, is a document imaging and data capture platform built specifically to address the needs of large mortgage companies. Headquartered in San Francisco, Capsilon serves many of the mortgage industry’s most innovative companies, including two of the 10 largest residential mortgage lenders in the United States.
About Francisco Partners
Francisco Partners is a leading global private equity firm, which specializes in investments in technology and technology-enabled services businesses. Since its launch over 15 years ago, Francisco Partners has raised approximately $10 billion in capital and invested in more than 150 technology companies, making it one of the most active and longstanding investors in the technology industry. The firm invests in transaction values ranging from $50 million to over $2 billion, where the firm’s deep sectoral knowledge and operational expertise can help companies realize their full potential.