SAN FRANCISCO--(BUSINESS WIRE)--Capsilon Corporation, a provider of cloud-based document and data management solutions for the mortgage industry, today announced that Jim Obsitnik has joined the Capsilon leadership team as chief operating officer. Based in Capsilon’s San Francisco headquarters, Obsitnik is responsible for Capsilon’s business operations including sales, marketing, product operations, support and services.
The appointment comes at a time when Capsilon is experiencing tremendous product adoption as it transforms the mortgage process with digital innovations. To support this next growth phase, Francisco Partners, a leading technology-focused private equity firm, recently made a growth investment in Capsilon.
Obsitnik has more than twenty years of experience in a variety of roles for leading enterprise SaaS companies. Obsitnik joins Capsilon from Oracle, where he served as general manager for two of Oracle’s cloud-based talent management businesses in its growing cloud-based Human Capital Management division. Previously, he held executive roles at Taleo, a pioneer in cloud-based talent management solutions, until Taleo was acquired by Oracle in 2012. During his tenure, Obsitnik led over 300 percent growth in his businesses and achieved #1 in market share for SMB talent management solutions. Obsitnik has also held a variety of executive positions at technology companies such as Netscape, Commerce One, Everdream and Dell, where he led efforts to grow their cloud-based businesses.
“Jim is a proven operational leader who knows how to successfully scale and manage high-growth SaaS companies,” said Sanjeev Malaney, chief executive officer of Capsilon. “Jim’s experience growing enterprise SaaS businesses to the next level will be a tremendous asset as Capsilon enters its next growth stage.”
Obsitnik holds an MBA from the Wharton School of the University of Pennsylvania, and a BSEE in Electrical Engineering and Computer Science from Princeton University.
About Capsilon Corporation
Capsilon provides comprehensive cloud-based document and data management solutions that enable mortgage lenders, investors and servicers to increase productivity and lower costs, while ensuring compliance. The company’s flagship product, Capsilon DocVelocity®, is a document imaging and data capture platform built specifically to address the needs of large mortgage companies. Headquartered in San Francisco, Capsilon serves many of the mortgage industry’s most innovative companies, including two of the 10 largest residential mortgage lenders in the United States. For more information, visit www.capsilon.com.
DocVelocity® is a registered trademark of Capsilon Corporation. All other marks are the property of their respective owners.