""Capsilon's"":http://www.capsilon.com/ revenue in this year's third quarter was double that of the same period last year, the company announced.[IMAGE]
The San Francisco-headquartered provider of cloud-based document sharing, imaging, and collaboration solutions for mortgage lenders reported its revenue for the first nine months of 2012 is also double that of the first three quarters of 2011.[COLUMN_BREAK]
The company attributes its revenue growth to the enhancement and expansion of its cloud-based services to more effectively serve the mortgage industry. Earlier this year, Capsilon updated its cloud-based electronic document management and collaboration solution, Katalyst, adding more sophisticated automated document recognition capabilities and a high-performance desktop application.
In addition, the company released the Katalyst mobile application to allow users to access loan documents when out of the office. These enhancements have stimulated sales, boosting them to record heights during the first three quarters of 2012, the company reports.
""Our financial success throughout the year is a result of our ability to help mortgage lenders solve problems during the loan origination process,"" said Sanjeev Malaney, CEO of Capsilon. ""Capsilon's continued technology enhancements and service extensions have allowed us to exceed our sales target and our customers' expectations, which is fueling our company's rapid growth.""