LOS ANGELES--(BUSINESS WIRE)--Docupace Technologies LLC, a premier digital compliance and cyber security company in the financial services industry, completed its planned repurchase of the majority interest in the company previously held by RCS Capital Corporation (NYSE: RCAP). On April 20th, Docupace announced an agreement with RCAP to repurchase their interest with plans to continue the company’s growth trajectory as a privately owned corporation.
Founder and CEO Michael Pinsker stated, “We are delighted to close on the repurchase of RCS’s interest. In this new era of independence we have an exciting roadmap ahead as we continue to grow and innovate.” Docupace has expanded its offerings with new financial technology products, including cyber security services, compliant “Straight-Through Processing” and digital Alternative Investment processing. The company has doubled in size, boasts a 99% client retention rate and has added over 100 new enterprise clients in the past 18 months.
In addition to new products, Docupace will continue to focus on fueling its growth in the marketplace with the widespread implementation of its groundbreaking “Straight-Through Processing” technology, enabling broker-dealers to digitally process all aspects of their business in compliance with SEC/FINRA regulations.
The Company does not intend any changes in executive leadership, day-to-day operations, or client relationships. Customers can continue to expect the same high level of support and customer service that they have been experiencing for years. Docupace will operate on its own and in the best interest of the industry it serves.
“We are well positioned to accelerate our leadership in the financial technology sector and we look forward to years of growth ahead,” Pinsker added. “Our goals have not changed. We aim to make the industry compliant, cyber-secure, and cost efficient.”
About Docupace Technologies
Based in Los Angeles, Docupace is a premier provider of secure and federal and state law compliant electronic processing platforms for financial institutions and the wealth management industry. The company pioneered and implemented SEC/FINRA compliant Straight-Through-Processing (STP) technology for the financial services industry. The company’s document management and workflow solutions simplify the process of capturing, organizing, routing and accessing information. Docupace was first-to-market with patent-pending technologies that serve the largest financial service providers and their advisors who, driven by increased levels competition, privacy issues, document protection and government regulation, are adopting the company’s document management and workflow solutions in order to sustain profitability and audit-risk assurance. As a leading provider of cyber security services, Docupace also helps broker-dealers and financial services firms become cyber secure by assessing vulnerabilities, correcting potential gaps, and providing ongoing monitoring. For more information, visit docupace.com.