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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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