Capsilon’s revenue in the recent third quarter was double that of Q3 in 2011, and revenue in the first nine months of this year is also double that of the first nine months of the previous year. 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, Capsilon also released the Katalyst mobile application to allow users to access loan documents when out of the office. These enhancements have stimulated sales and enabled Capsilon to produce record monthly revenues.
“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, chief executive officer 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.”