Francisco Partners, a technology-focused private equity firm, has agreed to provide Capsilon Corp., a provider of cloud-based document and data management solutions for the mortgage industry, with a capital infusion that will help fuel the company’s product development.
“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,” says Sanjeev Malaney, CEO of Capsilon, in a statement. “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.”
“Sanjeev Malaney and his team are transforming the mortgage industry from labor-based to technology-driven,” adds 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.”
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