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Capsilon Corporation has announced an investment from Francisco Partners, a technology-focused private equity firm to 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.”
Financial terms of the transaction were not disclosed.