Printer Friendly

Full Capture Solutions, Inc. Secures $7 Million in Series B Funding; Rapid Product and Market Expansion Slated to Commence.

EAST HARTFORD, Conn. -- Full Capture Solutions, Inc., a provider of predictive, analytic-driven solutions for the insurance industry, has secured $7 million in a Series B financing round. Greylock Partners, one of the world's leading venture capital firms, led the round, with existing investor Ignition Partners also participating.

"With our first round of funding from Ignition Partners, we demonstrated the appeal of our 'software as a service' model to capture hidden value locked in insurance companies' data and to achieve enterprise cost reduction," said Stephen Holcomb, Full Capture Solutions President and CEO. "We've also built a strong executive team with extensive domain expertise in insurance and technology. This new round of funding will be used for rapid product and market expansion, along with sales and marketing investments."

Full Capture Solutions' business model is a capital efficient, vertical market opportunity that enables insurance companies to realize tangible bottom-line results. Full Capture's ability to read and analyze structured data and unstructured text unleashes the power in insurance data, converting it into a valuable business asset. Carriers are freed from the constraints of their older legacy systems through a pay-as-you-go subscription service that produces immediate returns with no investment in software or infrastructure.

"Our goal is to partner with management in building companies that have the potential to become industry leaders," said Bill Kaiser, a Partner at Greylock Partners. "We believe we have found that emerging industry leader in Full Capture Solutions."

Kaiser will join Full Capture Solutions' Board of Directors in conjunction with the financing.

About Full Capture Solutions

Full Capture is a privately-held, venture-backed corporation headquartered in East Hartford, Connecticut. Full Capture capitalizes on advanced business intelligence and data mastery capabilities to provide predictive, analytics-driven solutions that are focused on high-impact, high-financial-return segments of insurance companies. "Full Capture Solutions," the Full Capture Solutions logo, and "Recognize. Route. Resolve." are service marks of Full Capture Solutions, Inc. For more information about Full Capture Solutions, visit our website at or contact us via email at
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Sep 25, 2006
Previous Article:Nanobac Pharmaceuticals Inc. Launches Landmark Study to Explore Heart Disease Properties of Calcifying Nanoparticles.
Next Article:Massachusetts Single-Family Home Sales Fall Nearly 20 Percent in August, The Warren Group Reports.

Related Articles
Styles on Video raises $3 million in a private placement.
Rebooting for the new millennium.
First Round Closes; Massana Secures $7 Million in Venture Financing; Funds to Fuel New Broadband Communications Designs and Global Expansion.
Capital Trust, Inc.
Bridgestream Secures $3.5 Million Investment; Leading Authorization Management Software Vendor to Expand Marketing and Sales Programs.
Paisley Consulting Secures $10 Million and Establishes Dominance in the Risk Management and Compliance Software Market.
Integrian Secures Series B Financing; Mobile Digital Video Company Receives $13 Million in Growth Capital.
Telarix Secures $6.5 Million Series B Funding; Rapidly Growing Telecommunications Software Provider to Leverage Funding to Further Market Penetration.

Terms of use | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters