- New Capital Partners announced it has invested in ACES Risk Management Corp. (ARMCO), an enterprise transaction risk management company
Birmingham, Alabama-based private equity firm New Capital Partners announced it has invested in Pompano Beach, Florida-based ACES Risk Management Corp. (ARMCO) — which is a leading provider of enterprise transaction risk management solutions to the financial industry.
“We are excited to partner with the outstanding team at ARMCO. The team has done a tremendous job building a market-leading product suite and providing best-in-class service and support to their customers. Broad use of ACES by top banks, lenders, and servicers in the country attests to the strength of the product and the ARMCO professional team. We are looking forward to working with the team to drive continued growth and innovation,” said New Capital Partners managing director Adam Cranford.
ARMCO also provides a wide range of mortgage quality control (QC), compliance and transaction risk management technologies. And their product line includes loan quality enterprise software, services, data and analytics, and their flagship product, ACES Audit Technology — which is used at virtually every point in the mortgage life cycle, setting the industry standard for user definability.
More than half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider for transaction risk management software. ARMCO’s consultative approach to customer relationships leverages 25 years of mortgage risk intel thus assuring that its clients are using the most effective risk mitigation strategies and are using the fastest, most reliable, most efficient means for preventing risk-related loss.
“We are excited to begin our relationship with New Capital Partners. Their operational experience and track record of creating value with growth-stage companies was a perfect fit for ARMCO’s current growth phase. The team members at NCP are thought leaders and industry experts in banking technology, and we look forward to continuing to build a great company through this partnership,” added ARMCO CEO Avi Naider.
