FTV Management Company, L.P.
  • News
  • Insights
  • Company
  • Growing Companies
    • Overview
    • FTV Propel®
  • Global Partner Network®
    • Overview
    • Strategic Advisory Board
  • Team
  • Portfolio
Investor Portal
Port Co Hub

Search

FTV News

CapitalStream Secures $21 Million For Strategic Acquisitions

05.29.2003
Share this...
  • Linkedin
  • Twitter
  • Facebook
  • Email

New Funding Fuels Company’s Leadership Role in Offering Enterprise Software to Financial Institutions

SEATTLE, WA – CapitalStreamTM, a pioneer in front office automation solutions for commercial finance operations, today announced it has raised over $21 million in investor funding, designated for strategic industry acquisitions. Backed by investor firms FTVentures, Bank of America, Polaris Venture Partners, Mobius Venture Capital, Voyager Capital, and The Benaroya Company, CapitalStream will acquire technology and software providers that expand CapitalStream’s product offering to its target market – the small business, equipment and commercial finance operations of financial institutions and other finance providers.

“Financial institutions are trying to integrate numerous stand-alone point solutions in order to streamline operations, grow revenue and meet customer demands for integrated products and services,” said Kevin Riegelsberger, CapitalStream’s president and CEO. “CapitalStream’s FinanceCenterTM product line is already designed to link with these various systems to provide a complete Front Office platform. By acquiring these point solutions we minimize the risk and maximize the value to our clients by more closely integrating these products and offering a single source for support.”

CapitalStream’s acquisition strategy is designed to provide a broader range of products and services, expanding the company’s established front office automation product line to include complimentary products such as back office, accounting and servicing solutions along with other point solutions used in commercial finance.

“CapitalStream’s experienced management team has demonstrated an ability to acquire and integrate software operations, close significant projects and grow revenue – even in today’s tough economic environment,” said Tony Audino, Chairman of the Board at CapitalStream and Managing Director of Voyager Capital.

“That track record, combined with the excellent business opportunities available in the market today, allows us to leverage our investment in CapitalStream even further by increasing the scope of their products and services through acquisition.”

The funds will be used specifically for acquisition of businesses and products and are contingent upon CapitalStream identifying and closing prospective acquisitions that meet the investment criteria.

About CapitalStream

Established in 1995, CapitalStream develops financial front office automation solutions that enable banks and finance companies to transform paper-based, stand-alone operations into integrated, streamlined finance supply chains. CapitalStream solutions streamline application processing, deal structuring, credit analysis and document generation to rapidly originate leases, loans, lines and cards. As an established industry leader, CapitalStream has helped many small business lending, equipment finance and commercial lending operations to improve relationships with customers and partners, streamline operations, reduce risk and achieve significant revenue growth.

About FTVentures

Founded in 1998, FTVentures (www.ftventures.com) was the first venture capital firm in the U.S. to focus on technologies that benefit the global financial services industry. FTVentures now has over $623 million in total capital under management and is a leading investor in information technologies. FTVentures invests primarily in private companies developing products and services in software and payment & business services, with a particular emphasis on companies that enable financial institutions worldwide to expand and to operate more efficiently.

FTVentures’ investors are 38 of the world’s leading financial institutions and include AIG, Bank of America, BNP Paribas, Charles Schwab, Citigroup, Credit Suisse Group, Deutsche Bank, DBS Bank, GE Capital, HSBC Holdings, Key Principal Partners, National City, Skandinaviska Enskilda Banken (SEB), Standard Chartered Bank, US Bancorp and Wells Fargo.

FTVentures-backed companies include 7-24 Solutions, Financial Engines, Corillian, Managed Objects, Banter, Vernier Networks, Verus Financial Management, Caplin Systems, Xign, CapitalStream, e-Security, E-LOAN, Synchrologic, ValuBond, ValiCert, and ClearCommerce.

Contacts

Karen Thorsen
CAPITALSTREAM
(206) 548 1703
karent@capitalstream.com

Kim Kellogg
PR MANAGER FTVENTURES
(415) 229-3000
info@ftventures.com

Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.

SAN FRANCISCO

601 California Street, Floor 19
San Francisco, CA 94108

415.229.3000


CONNECTICUT

10 Titus Road, Suite 5B
Washington Depot, CT 06794

NEW YORK

535 Madison Avenue, Floor 33
New York, NY 10022

212.682.4800

CONTACT

General: Info@ftvcapital.com
Media: PR@ftvcapital.com

  • LinkedIn
  • Twitter
Investor Portal
Port Co Hub

© 2023 FTV Management Company, L.P.
All rights reserved.

  • Privacy & Cookie Policy

  • Keep Up-To-Date on the Latest FTV News

  • This field is for validation purposes and should be left unchanged.
Our website uses cookies that are essential for the website to work. By using the website and continuing to navigate, you consent to the placement of these cookies. Read our PRIVACY POLICY to learn more.
ACCEPT
Select Cookies
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT