Jim Obsitnik Joins Capsilon as COO

Capsilon Corporation has announced that Jim Obsitnik has joined the company as chief operating officer. Based in Capsilon’s San Francisco headquarters, Obsitnik will be responsible for Capsilon’s business operations including sales, marketing, product operations, support and services.

The appointment comes at a time when Capsilon is experiencing tremendous product adoption as it transforms the mortgage process with digital innovations. To support this next growth phase, Francisco Partners, a leading technology-focused private equity firm, recently made a growth investment in Capsilon.

Obsitnik has more than 20 years of experience in a variety of roles for leading enterprise SaaS companies. Obsitnik joins Capsilon from Oracle, where he served as general manager for two of Oracle’s cloud-based talent management businesses in its growing cloud-based Human Capital Management division. Previously, he held executive roles at Taleo, a pioneer in cloud-based talent management solutions, until Taleo was acquired by Oracle in 2012. During his tenure, Obsitnik led over 300 percent growth in his businesses and achieved number one in market share for SMB talent management solutions. Obsitnik has also held a variety of executive positions at technology companies such as Netscape, Commerce One, Everdream and Dell, where he led efforts to grow their cloud-based businesses.

“Jim is a proven operational leader who knows how to successfully scale and manage high-growth SaaS companies,” said Sanjeev Malaney, chief executive officer of Capsilon. “Jim’s experience growing enterprise SaaS businesses to the next level will be a tremendous asset as Capsilon enters its next growth stage.”