Capsilon Doubles Revenue in 2012
Capsilon , a provider of cloud-based document sharing, imaging and collaboration solutions for mortgage lenders, announced that in 2012 it has more than doubled its revenue and achieved several key milestones.
The company attributes its revenue growth to a greater awareness of its imaging and collaboration solution, the growing industry preference for a cloud-based imaging approach, mortgage banks’ interest in cost effective lending solutions, new product releases and the addition of several key executives.
Capsilon released updated versions of its cloud-based imaging solution including Katalyst 8, its most current version. Major enhancements to Katalyst 8 include a re-architected image conversion system, a more sophisticated document recognition capability and an enhanced high-performance desktop application. The company also released its Katalyst mobile app for Apple® iPhone®, iPad® and iPod Touch® devices. The mobile app gives Katalyst users the ability to review documents and their status from any location, at any time.
“It’s gratifying to see the market responding to our strategy,” said Sanjeev Malaney, chief executive officer of Capsilon. “Capsilon’s investments both in technology and in people are paying off with increased customer adoption.”
Capsilon was recognized as a Top 50 Service Provider for 2012 by Mortgage Technology magazine and was awarded its second U.S. patent for paperless document management business processes and technology.
In addition, Capsilon expanded its headquarters facility in San Francisco to accommodate its growing staff and brought on-board new executives, including a vice president of sales, a vice president of marketing and vice president of finance and administration.
Since 2004, San Francisco-based Capsilon has been a provider of cloud-based document sharing, imaging and collaboration solutions, enabling companies to complete business-critical transactions within and across organizations in less time than they could with other alternatives. Capsilon serves numerous market innovators including two of the 10 largest residential mortgage lenders in the United States. For more information about Capsilon, visit www.capsilon.com .