CapitalStream sells to HCL Technologies for $40M

Founded before the dotcom boom, Seattle-based CapitalStream managed to pull in $75 million in funding during that era from a number of funds, most of whom subsequently abandoned the investment prior to a restructuring of the company.

The company makes a product called FinanceCenter that is used by financial institutions in the “front office,” where consumer and commercial lending operations take place. HCL, which is based in India, will help expand sales outside the US.

Three investors will receive a positive return from the sale, according to the Seattle PI’s John Cook: FTVentures, Voyager Capital, and Bank of America. The other investors in the company were Benaroya Capital, Mobius Venture Capital, Polaris Venture Partners, and Merrill Lynch.

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