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eLynx Continues Market Expansion — New CFO Fulfills Strategic Role
August 09, 2007
CINCINNATI - August 9, 2007 - eLynx, a portfolio company of S&P 500 member American Capital Strategies Ltd. (NASDAQ: ACAS), and provider of the most pervasive and widely used secure electronic document communications network for the financial services industry, announced today the appointment of Michael Buckman -- most recently of Fiserv Lending Solutions — as its new chief financial officer. Buckman fulfills a strategic role at eLynx as it continues it’s rapid expansion of operations.
Buckman comes to eLynx with a wealth of experience, including 13 years with Fiserv, ultimately serving as CFO for the Lending Solutions Group. In addition to his years in the financial services technology industry, Buckman has over 20 years of finance experience with other leading companies such as The Bank of New York Mellon and PriceWaterhouseCoopers.
In his new role, Buckman will manage the finance and human resources functions of the company while working alongside the management team in the development and implementation of strategic plans to support eLynx’s continued growth and strengthen its leadership position. The company has been widening the reach and penetration of its innovative eBusiness services and print management solutions within the financial services industry, while continuing its expansion into a broader spectrum of vertical industries. Buckman will play a critical role in helping the company maintain this momentum.
"Michael brings a wealth of expertise to the table which will prove valuable in eLynx’s aggressive expansion plans and long-term strategy for success," says Sharon Matthews, president and CEO of eLynx. "Beyond his specialization in matters of finance, he possesses substantial expertise in strategic and operational planning. Michael is a great addition to the company and our management team."
The Buckman announcement is the latest in a string of high-profile strategic accomplishments for eLynx. From its merger with global electronic document management firm SwiftView, to its rapid expansion into the insurance and health care industries, to the growing use of the company’s electronic signature service across a wide variety of verticals and industry-specific business processes, 2007 has been a year of substantial growth for eLynx. In fact, it is the impressive performance of portfolio companies like eLynx that led Standard & Poor’s to add parent company American Capital Strategies to the S&P 500.
"While many in the financial services industry are on the defensive," adds Matthews, "reacting to unfavorable market conditions and economic uncertainty, eLynx keeps its gaze fixed firmly on the future. Every day our global user base grows and now with all the members of the strategic team firmly in place, eLynx is positioned to reach even greater heights in the days ahead."
About eLynx
eLynx, a portfolio company of S&P 500 member American Capital Strategies Ltd. (NASDAQ: ACAS), provides the most widely used network for electronic document communications services for the financial services industry. Enterprises use eLynx to capture and maintain data electronically throughout the document life cycle, automating paper-intensive processes, improving workflow, reducing costs and ensuring compliance with industry regulations. eLynx serves more than 600 financial institutions including 17 of the top 20 mortgage lenders and more than 100 insurance carriers in the United States. eLynx enables more than 65 percent of the nation’s mortgage closings. In addition, more than 4,000 enterprises worldwide with more than 4 million users in a broad spectrum of industries use eLynx's print management solutions. The company, founded in 1994, operates nationally with headquarters in Cincinnati, Ohio and offices in Portland, Oregon along with data centers throughout the United States. For more information visit www.elynx.com