NextStage Capital Adds Eptiome Systems as Newest Portfolio Company
PHILADELPHIA, PA – June 19, 2009 – NextStage Capital, an early stage venture capital fund focused on investing into technology companies located in the Mid-Atlantic region, announced that it has invested in Epitome Systems.
Headquartered in Wayne, Pennsylvania, Epitome provides process automation software aimed at improving efficiencies and enabling tighter controls for large companies. Target markets include banking, insurance, government, compliance and business process outsourcing (BPO). In this current economic environment, Epitome’s value proposition is resonating with companies looking to reduce their operating costs while meeting the demands of increased compliance requirements.
Epitome Systems was spun out of GMAC in 2003. After several years of building a customer base and developing a comprehensive solution, it fell victim to the economic environment. Mike Sanchez, a serial entrepreneur who sold his company to Fidelity National (NYSE:FNF) for over $180M, purchased the company and restarted it with fresh leadership and investors. Many of the people recruited by Sanchez into Epitome have been his key leaders for many years in prior successful businesses including Sanchez and Fidelity National. Additionally Sanchez has recruited a strong board of directors that will add significant value to the company through their experience and connections.
“We are excited to be investing into Mike Sanchez’ next business”, said Dan McKinney Managing Partner at NextStage Capital. “Mike and the people he is surrounding himself with have been known winners to NextStage for many years.”
About NextStage Capital
NextStage Capital, L.P. is an early stage venture capital fund focused on investing in undiscovered software and hardware technology and/or services companies in the Mid-Atlantic region. NextStage Capital’s investment approach is to find entrepreneurs with solid track records who offer a unique and powerful value proposition to customers in growing market sectors. In addition to providing strategic counsel, NextStage Capital offers its portfolio companies value-added recruiting services at no charge through its partnership with TWC, a recruitment process outsourcing company with more than a decade of building management teams for many of the region’s most successful venture-backed companies. For more information on NextStage Capital, please visit www.nextstagecapital.com.
About Epitome Systems
Epitome Systems is a provider of business process automation solutions utilizing its pioneering Enterprise Productivity Management(SM) (EPM) software technology which helps companies automate and streamline their internal and external processes and information. The company's EPM software platform, now in its fourth generation, features a suite of modular components addressing business process management, content management, document management, collaboration, integration, and reporting and analytics. Epitome's EPM technology creates fast results and is available in both on-demand and on-premise models. EPM's unique architecture can be quickly and easily configured to support exact business productivity needs.
