Docupace Technologies, a financial services sector digital compliance and cyber security company, is now independent from RCS Capital Corporation.
Docupace received a significant investment from RCAP in September 2014, as part of RCAP becoming a majority shareholder in the company. Following the investment, Docupace expanded its offerings with financial technology products, including cyber security services, compliant Straight-Through Processing and digital Alternative Investment processing. During this time, Docupace operated as an independent business unit under the executive leadership of founder and CEO Michael Pinsker.
Repurchasing RCAP’s interests will enable Docupace to focus on fuelling its growth in the marketplace with widespread implementation of its groundbreaking Straight-Through Processing technology, enabling broker-dealers to digitally process all aspects of their business, including document and client management, payment processing, mailings, e-signature, etc., securely and in compliance with SEC/FINRA regulations.
“It’s an exciting new chapter for Docupace as we prepare to reorient to an independent position,” says Michael Pinsker, founder, CEO and president of Docupace. “We’d like to thank all of our clients for remaining by our side during this uncertain time. Our strategic direction toward private ownership will allow us flexibility in a quickly-changing marketplace and enable us to innovate as we work to transform the financial services industry.”
Pinsker and the existing Docupace executive management team will continue to lead day-to-day operations and there will be no changes to staff, operations, processes or client relationships during the transition. The transaction is expected to close sometime in May.