San Francisco, CA - July 7, 2016 — Serent Capital, a leading San Francisco-based private equity firm focused on investing in high-growth technology and services businesses, signed a definitive agreement to invest in Docutech, a premier technology provider that offers dynamic document generation, electronic signature, and compliance solutions to leading banks and mortgage lenders.
Docutech's software interfaces with loan origination systems (LOS) to enable lenders to generate complete loan document sets to ensure regulatory compliance. Docutech manages and secures all information needed for a loan, guaranteeing accuracy, security, and compliance. Docutech continues to be an innovative leader in the lender technology space, receiving HousingWire's TECH100TM award for 2016 and being named the overall winner in the Unique Solution category for the company's ConformXTM digital document delivery and eSignature platform.
"We have a lot of respect for what the Serent team brings to the table. This partnership enables Docutech to more rapidly expand our product offerings to deliver additional value to our customers," said Ty Jenkins, CEO and Founder of Docutech.
Serent's investment in Docutech represents its fifth investment in the mortgage and real estate technology space—Optimal Blue (2012), Loansifter (2013), Commissions Inc. (2015), and Mercury Network (2015).
"Investing in mortgage technology continues to be a focus area for us, and we are thrilled that Ty and his team selected us as Docutech's strategic capital partner," said Lance Fenton, Partner at Serent Capital. "Docutech has built a phenomenal business, and we are excited about the opportunity to work with the executive team to further accelerate the remarkable success they have had."
Founded in 1991, Idaho Falls, Idaho-based Docutech offers a wide range of solutions to institutions all over the world. From document generation and imaging support to eDelivery, digital signatures and print fulfillment, Docutech sets the standard in providing market-proven technology and unrivaled client service to you, your workforce and your clients.
For more information, visit the company's website at www.Docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.
About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers' needs. As those businesses grow and evolve, the opportunities and challenges that they face change with them. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating these difficulties through their experiences as CEOs, strategic advisors, and board members to successful growing businesses. By bringing its expertise and capital to bear, Serent helps growing businesses thrive.
For more information on Serent Capital, visit www.serentcapital.com.