SwiftView® Press Releases
 
SwiftView and eLynx merger announcement
 

Contact: Michael A. Hammond JD, CMT
Martopia
Media Contact for eLynx Ltd.
734-332-3820
Rosalie Berg
Strategic Vantage, Inc
Media Contact for SwiftView, Inc.
(305) 971-5352

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 significant paybacks.

"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.

About eLynx

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 www.AmericanCapital.com.


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SwiftView®, SwiftConvert, SwiftStamp, SwiftExtract, SwiftReprint, SwiftPublish, and LoanDocs®, are trademarks of eLynx
SwiftView, a division of Black Knight Financial Services, 9205 SW Gemini Drive Beaverton, OR 97008 USA
800.720.0196 or +1.971.223.2600
  ©2017 Black Knight Financial Services.