home about contact careers login

Century Capital Management Invests Growth Capital In Digital Risk, LLC

Leading Private Equity Firm Provides Growth Capital to Accelerate Digital Risk’s Growth in Mortgage Analytics and Loan Review Services

Maitland, FL (May 15, 2009) - Digital Risk, LLC announced today that Century Focused Fund II, a private equity fund sponsored and managed by Century Capital Management, LLC, has made a significant equity investment in Digital Risk. Digital Risk will use the investment proceeds to execute an aggressive growth plan to deliver enhanced risk mitigation solutions to the ailing mortgage and broader fixed income markets.

Digital Risk is the leading provider of integrated predictive analytics and services helping the nation’s largest and best-known mortgage originators, servicers and investors to identify, quantify and price risk. Digital Risk’s predictive analytics integrates real-time fraud detection algorithms and predictive modeling with forensic underwriting services. This enables Digital Risk to pinpoint issues of creditworthiness, compliance and fraud so companies can properly value loans and loan portfolios to optimize investment opportunities.

Century Capital provides growth capital to companies in the financial services industry. Century has a track record of partnering with management teams to build businesses that deliver superior client services and superior investment returns. Century Capital has the highest confidence that the Digital Risk management team can deliver both.

Announcing the investment, Century Capital Management’s Managing Director Charles L. Kline said, "In addition to its predictive analytics, scalable loan review services and strong position within the mortgage industry, we are impressed with the excellent client relationships Digital Risk has established with the industry’s leading firms. Our reference calls to Digital Risk’s clients confirmed that Digital Risk consistently delivers on its promise to provide private and public clients with tangible value and bottom line results. We believe Digital Risk is an outstanding business poised for continued significant growth, and we are proud tobe partners with Peter Kassabov and his team and to help build the business going forward."

Century Capital Management’s Managing Director David C. Sherwood added that “We see significant demand for Digital Risk’s services. Any financial services firms subject to credit risk will benefit from lower losses and better margins by utilizing Digital Risk’s integrated risk mitigation solutions. Risk managers must prevent the past from repeating itself and Digital Risk’s focus is to do just that.”

In announcing the investment, Digital Risk, LLC Chairman and CEO Peter Kassabov said, "Century Capital believes in our culture, our management, and the significant potential of our marketplace. This transaction provides the runway for growth that will enable Digital Risk to continue in its position of leadership and innovation as the credit markets undergo the most important changes since the Great Depression."

Digital Risk, LLC Managing Director and co-founder Jeffrey Taylor added, “Century Capital’s investment will allow us to continue to attract and retain the best people, significantly expand loan review capacity, and enhance our predictive analytics to help our clients better mitigate risk and increased bottom line results.”


About Digital Risk

With offices in New York, Dallas, and Orlando, Digital Risk, LLC is a leading next-generation integrated portfolio management solutions provider to the $4.2 trillion residential mortgage industry. Digital Risk is the only company in the market that combines proprietary predictive modeling analytics with expert forensic underwriting services, thus providing its clients an integrated 360° portfolio management solution to maximize returns and minimize losses. The Company’s predictive analytics, when integrated with its asset management services, delivers an effective set of solutions that minimize credit risk, pinpoint and prevent fraud, identify and execute loss mitigation and asset recovery opportunities, execute loan repurchase and loss indemnification, ensure regulatory compliance, assure quality, and maximize portfolio returns, among others.

About Century Capital Management, LLC

Century Capital Management, LLC is both an institutional and private equity investment manager located in Boston. The Private Equity Team has specialized knowledge to invest growth and buyout capital in privately-held, selected middle-market financial services firms. The team pursues both majority and minority investments in rapidly growing, profitable businesses and is considered a knowledgeable and value-added partner. Century traces its origins to 1928 and the founding of Century Shares Trust, one of the oldest mutual funds in the U.S. For more information, please visit www.centurycap.com

For additional information contact MORSE COMMUNICATIONS at 203-313-1464.


2009 | 2008 | 2007 | 2006

 


2301 Maitland Center Pkwy
Building 200, Suite 460
Maitland, FL 32751

v: 888.500.RISK (7475)
f: 407.641.9200
e: info@digitalrisk.com

OUR MARKETS
CORPORATE GOVERNANCE
MANAGEMENT TEAM
CONTACT
CAREERS
NEWS

360 ° APPROACH
SOLUTIONS
ANALYTICAL TOOLS
EXPERT SERVICES

CASE STUDIES
LOGIN

PRIVACY POLICY