CapitalStream, a Seattle-based provider of financial front office automation solutions for business and commercial credit, today announced the appointment of Kevin Riegelsberger to the position of President and Chief Executive Officer. Former President and CEO of WiredCapital, Riegelsberger joins CapitalStream as a result of the recent acquisition of WiredCapital.

“We are fortunate to find a CEO who combines the financial, software and management expertise to further establish CapitalStream as a leader in deploying innovative technology solutions to the financial services industry,” states Tony Audino, Chairman of the Board at CapitalStream and Managing Director of Voyager Capital. “Kevin has previously built a successful financial software operation from a startup to a profitable public company, and he has acquired the versatile leadership skills that can only come through the experience of leading an organization through each phase of growth."

Before joining WiredCapital as President & CEO, Kevin founded one of the industry leading financial software application providers - Platinum Software Corporation (now called Epicor). Platinum grew from a 7-person startup to a publicly traded company with over $260m in revenue. During his 15 years at Platinum, Kevin oversaw operations, sales and technology development to create the 8^th largest enterprise software company in the world. He also foresaw the international opportunity and built a worldwide distribution channel generating over $100m in annual revenue from operations in all major international markets.

While at WiredCapital, Kevin assembled an experienced management team and successfully released WiredFinance, an installable web-based commercial finance automation platform that has been sold and implemented at leading financial institutions. Kevin now leads a joint management team with key executives from both WiredCapital and CapitalStream combining decades of experience in finance, credit, banking, leasing and software development.

"The top challenge facing the financial services industry is to improve front office processes and systems to provide the integrated customer information and product offerings that relationship managers need to develop lasting customer relationships leading to increased credit and fee revenue,” said Riegelsberger. “Our market research indicates that the industry has tried to solve this problem through internal systems development because a truly viable solution provider had not yet emerged. With the recent funding and acquisition, CapitalStream is now perfectly positioned as the leader in financial front office automation with a proven track record of success at some of the most respected brands in banking and finance.”

CapitalStream, based in Seattle, Washington, develops financial front office automation solutions that enable banks and finance companies to transform paper-based, stand-alone operations into integrated, streamlined finance supply chains. CapitalStream's software solutions enable seamless and paperless collaboration between customers, partners, and internal operations to rapidly originate loans, leases, lines and cards. CapitalStream integrates disparate systems, processes and organizations to provide a single platform with a complete view of the customer relationship enabling financial institutions to better manage credit risk, reduce costs, and attract new business. CapitalStream, an established industry leader, has helped hundreds of financial organizations increase their competitiveness, responsiveness and profitability. For more information visit www.capitalstream.com.

Karen Robert Thorsen
Capital Stream, Inc.
206-548-1703
karent@capitalstream.com