""Capsilon"":http://www.capsilon.com/index.html, a provider of cloud-based document sharing and collaboration solutions for mortgage lenders, more than doubled its revenue in 2012, the company announced.[IMAGE]
The company attributes its revenue growth to increased awareness of its imaging and collaboration solution, the growing industry preference for a cloud-based imaging approach, mortgage banks' interest in cost-effective solutions, new product releases, and the addition of several key executives.
""It's gratifying to see the market responding to our strategy,"" said Capsilon CEO Sanjeev Malaney. ""Capsilon's investments both in technology and in people are paying off with increased customer adoption.""
In addition, the company achieved a number of milestones last year, including the release of several updates to its cloud-based imaging solution. The most current version, Katalyst 8, features a re-architected image conversion system, a more sophisticated document recognition capability, and an enhanced high-performance desktop application. Capsilon also released its Katalyst mobile app for Apple devices, giving users the ability to review documents and their status from any location at any time.
Those technological feats earned the company a spot in Mortgage Technology magazine's Top 50 Service Providers for 2012--another significant achievement.
Finally, Capsilon expanded its San Francisco headquarters to accommodate its growing staff, which includes a number of new executives, including a VP of sales, a VP of marketing, and a VP of finance and administration.