Serent Capital has acquired a minority stake in Idaho-based Docutech, a provider of compliance and documentation technology. No financial terms were disclosed.
IDAHO FALLS, Idaho–(BUSINESS WIRE)–Docutech, a leading provider of compliance and documentation technology, is partnering with Serent Capital, a San Francisco-based private equity firm. Serent’s minority investment in Docutech provides the company with access to a capital partner to accelerate the company’s growth amongst financial institutions and a strategic partner to provide guidance for product development, sales and marketing strategy, and leadership.
Serent specializes in investing into fast growing companies that have the potential to become the leaders in their industry. Firm executives cited the strong leadership and product mix at Docutech as a key factor in deciding to invest into the software company.
“The past several years have seen Docutech undergo strong growth as we have pushed to deliver the most innovative compliant financial document services in the industry,” said Ty Jenkins, founder and CEO of Docutech. “Serent is the perfect partner for us that pairs a passion for our industry and the expertise to grow our product base and customer base in exciting new directions.”
As part of the partnership, Ty Jenkins and the executive team at Docutech will continue to lead the company in all areas of strategic operations.
“Docutech has spent 25 years establishing itself as the leading provider of compliance and document solutions in the market,” said Lance Fenton, Partner at Serent Capital. “They have built a strong reputation for excellence and high customer satisfaction, and we will leverage our expertise and capital to help lay the foundation for another two decades of success and growth.”
Docutech’s flagship product, ConformX®, enables financial institutions to generate secure, compliant documents with seamless integrations into loan and bank databases. The software automatically creates and electronically delivers compliant documents, reducing operational costs and improving productivity.
Founded in 1991, Idaho Falls, Idaho-based Docutech offers a wide range of solutions to institutions all over the world. From document generation and imaging support to eDelivery, digital signatures and print fulfillment, Docutech sets the standard in providing market-proven technology and unrivaled client service to you, your workforce and your clients. For more information, visit the company’s website at www.docutech.com or follow them on social media at LinkedIn or Twitter @Docutech.
About Serent Capital
Serent Capital invests in growing businesses that have developed compelling solutions that address their customers’ needs. As those businesses grow and evolve, the opportunities and challenges that they face evolve with it. Principals at Serent Capital have firsthand experience at capturing those opportunities and navigating those challenges through their experiences as CEOs, strategic advisors, and board members to successful, growing businesses. By bringing its experience and capital to bear, Serent helps growing businesses thrive. For more information about SS&G’s services, visit www.SerentCapital.com.