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RCS Capital Buys Majority Stake in Tech Firm

NEW YORK CITY—Locally-based RCS Capital Corp. reports it has entered into an agreement to acquire a majority interest in Los Angeles-based Docupace Technologies, a firm that specializes in providing integrated, electronic processing technologies and systems for financial institutions and wealth management firms.

By John Jordan | Updated on September 18, 2014

NEW YORK CITY—Locally-based RCS Capital Corp. reports it has entered into an agreement to acquire a majority interest in Los Angeles-based Docupace Technologies, a firm that specializes in providing integrated, electronic processing technologies and systems for financial institutions and wealth management firms.

No terms of the transaction were disclosed. RCS Capital is an investment firm expressly focused on the retail investor. RCAP is engaged in the wholesale distribution, investment banking and capital markets businesses, and a research business focused on alternative investments. Nicholas S. Schorsch serves as executive chairman of the board of directors of RCS Capital and also holds CEO and board positions for all of the publicly registered, non-traded investments sponsored by AR Capital. He is also is chairman and CEO of the publicly traded net lease REIT, American Realty Capital Properties, Inc.

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