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FTVentures Leads $27 Million Equity Investment in Mortgage Default Services Provider
We are pleased to announce that FTVentures has led a $27 million equity
investment in CMS Holdings Group, LLC (“CMS Holdings”) of a total
equity commitment of $70 million to support the company’s growth
strategy. (FTVentures invested $20 million and committed a total of $40
million to the Company). CMS Holdings, headquartered in Denver, CO,
provides a suite of non-legal administrative , accounting, technology
services and information, data and document collection, transmission
and processing services as well as title, escrow closing, private
trustee, and posting and publication services in support of firms
engaged in various aspects of mortgage loan default services, including
foreclosure, bankruptcy, eviction processing, and related title and REO
closing, escrow and management services. The Company provides these
services to law firms including Castle Meinhold & Stawiarski, LLC,
a highly respected firm in the mortgage industry, whose own clients
include the top US mortgage servicers and investors, providing
significant overlap with FTVentures’ own strategic investor base.
We have been keenly focused on the mortgage default services space for
over three years and have evaluated a number of potential
opportunities. The space is important to our strategic investors which represent six of the top 10 mortgage investors/servicers.
If you would like to learn more about CMS Holdings Group, please contact:
Ben Cukier, FTVentures Partner
bcukier@ftventures.com or 212-682-4846
Brad Bernstein, FTVentures Partner
bbernstein@ftventures.com or 212-682-4441
Portfolio Company Digital Harbor is Sold to Norkom Technologies
We are pleased to announce that Norkom Technologies has completed its
purchase of portfolio company Digital Harbor. Digital Harbor develops
integrated risk and compliance solutions on top of its platform for
intelligent composite applications. The solutions allow customers and
partners to make better, faster operational decisions by linking
otherwise disconnected types and sources of information. While the
Company’s platform can be used to meet a variety of business problems
across multiple industries, Digital Harbor’s initial focus is
addressing risk and compliance needs in the financial services
industry, including anti-money laundering, fraud management, Enhanced
Due Diligence (EDD), Know Your Customer (KYC), sales practice,
corporate security, and operational risk. Norkom Technologies is a
leading provider of financial crime and compliance software. The
aggregate customer base of the two companies includes some of the
world’s leading financial services firms such as HSBC and Western Union.
If you would like to learn more about Digital Harbor, please contact:
Mark Lotke, FTVentures Partner
mlotke@ftventures.com or 212-682-4846
To read the press release click here
Portfolio
Companies Intrepid Learning Solutions, Capital H Group and GMI Earn
Spots on Inc. 500 List of Fastest Growing Companies
Inc. Magazine recently published its list of the top 500
fastest-growing private companies in the U.S. and it featured three
FTVentures portfolio companies. Intrepid Learning Solutions, a leading
provider of learning and performance consulting, outsourcing, and
research services to global companies, ranked 79th on the overall list
and 9th on the human resources company list. Capital H Group, a human
capital consulting group, ranked 134th on the overall list and 14th on
the human resources company list. GMI (Global Market Insite), a leading
provider of integrated solutions for global market intelligence for
market research firms and Global 2000 companies, landed 229th.
If you would like to learn more about Intrepid Learning Solutions or GMI, please contact:
Eric Byunn, FTVentures Partner
ebyunn@ftventures.com or 415-229-3052
If you would like to learn more about Capital H Group, please contact:
Chris Winship, FTVentures Partner
cwinship@ftventures.com or 415-229-3012
To read Intrepid's press release, click here
To read Capital H Group's press release click here
To read GMI's press release click here
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New
York
540 Madison
Avenue
Suite
2600
New York, NY 10022
Phone
212-682-4800
Fax 212-682-4480
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FTVentures
provides capital to growth companies to finance organic expansion,
recapitalizations, buyouts and build-ups. We invest in software and
business services companies that derive value from our unmatched Global
Partner Network, which includes 40 of the world's leading financial
institutions. Our Global Partner Network provides us with a unique
vantage point into the business driven IT and operating challenges of
the global enterprise. Founded in 1998, FTVentures currently has over
$850 million under management with offices in San Francisco and New
York. For more information, please visit www.ftventures.com |
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