eLynx and SwiftView Join Forces
The combination of two industry leaders broadens reach and availability of e-Business and paperless processes
CINCINNATI – October 3, 2006 – eLynx Ltd., a portfolio company of American Capital Strategies Ltd. (NASDAQ: ACAS) and a leading provider of secure Web services,
announced today that it has acquired SwiftView, Inc., a provider that helps enterprises
worldwide capture, view, deliver and print electronic documents. American Capital,
whose portfolio currently includes more than 180 companies in a wide range of
industries, will provide equity and debt financing for the transaction.
The joining together of these two industry leaders significantly advances the
quality and availability of world-class, integrated Web-based solutions for financial
service institutions. Because these solutions significantly impact the bottom line for
financial institutions, utilizing them to go paperless is becoming a competitive
imperative. This new company enables an institution to attain these benefits
quickly and efficiently throughout their organizations.
The new combined company is now the obvious choice for lenders seeking to
accelerate the move to paperless. Today, a comprehensive suite of valuable services
including electronic and paper fulfillment, electronic disclosures, electronic signatures,
electronic loan folders and investor delivery are now available to deliver immediate and
"This acquisition is a decisive move to strengthen our position and deliver even
greater value to our customers and partners," said eLynx President and CEO Phil Huff.
"The eLynx and SwiftView organizations are highly complementary to one another.
These synergies will enable us to rapidly advance e-business innovation and set the
standard across financial services and a broad range of industries. We share a unified
vision to help enterprises deliver a higher quality of service to their customers while
gaining dramatic cost and cycle time advantages."
Together the companies serve more than 500 customers in the financial services
and insurance industries, including 17 of the top 20 lenders. Over 10 million financial
transactions involving consumers, lenders and settlement agents will be serviced by
eLynx in 2006. The company plans to continue expansion of its deep relationships within
financial services and insurance.
"We are extremely pleased to join forces with eLynx at a time when financial
services enterprises are looking to paperless processes to improve the efficiency of their
businesses," said SwiftView President Steve Bachelder. "We have great respect for the
accomplishments of eLynx and are very excited about the impact our combined
capabilities will have on the rapid shift towards paperless transactions. The combined
companies' resources and services will mean we can serve all our customers even
better, while accelerating their efficiency with the best and most widely used paperless
tools in the industry."
The company will have corporate offices, operations, support, and R&D; staff in
Cincinnati, Ohio and in Portland, Oregon.
Founded in 1994, eLynx is a leading provider of secure Web-services for over
500 financial institutions, including 17 of the top 20 in the U.S. The company's solutions
enable businesses to capture and maintain data electronically throughout the document
lifecycle, automating paper-intensive processes, improving workflow, reducing costs and
ensuring compliance with evolving industry regulations. In 2006, eLynx services will be
used in over 10 million financial transactions involving consumers, lenders and
settlement agents. eLynx, a portfolio company of American Capital Strategies Ltd.
(NASDAQ: ACAS), is headquartered in Cincinnati with additional operations, support
and R&D staff in Portland, Ore. For more information, please visit www.elynx.com.
About SwiftView, Inc.
Founded in 1985, Swiftview, Inc. develops and markets value-added tools and
services that help organizations worldwide capture, view, deliver and print electronic
documents and drawings through its SwiftView Tools software and its SwiftSend web-based
document delivery and management services. Based in Portland, Ore., SwiftView
has been named one of Oregon's fastest growing technology companies for the past five
years in a row. For more information, please visit www.swiftview.com.
About American Capital Strategies, Ltd.
American Capital is a publicly traded buyout and mezzanine fund with capital
resources of $8.9 billion. American Capital invests in and sponsors management and
employee buyouts, invests in private equity buyouts, provides capital directly to early
stage and mature private and small public companies and through its asset
management business is a manager of debt and equity investments in private
companies. American Capital provides senior debt, mezzanine debt and equity to fund
growth, acquisitions, recapitalizations and securitizations. American Capital generally
invests from $10 million to $400 million per company. Companies interested in learning
more about American Capital should call (800) 248-9340, or visit
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