Novation Companies, Inc. (Novation) owns and operates early-stage businesses in the technology-enabled services industry. The Company operates in two segments: Corporate and Cloud SaaS. Corporate operating results include mortgage securities retained from securitizations, corporate general and administrative expenses, and the operating results of Cloud. The Cloud SaaS segment represents income and expenses from the Company's wholly-owned subsidiary, CorvisaCloud. The Company owns 100% interest in CorvisaCloud, LLC (CorvisaCloud), a developer and seller of proprietary cloud-based contact center software and private branch exchange (PBX) systems. It offers cloud-based communication software under the CorvisaOne brand name and implementation consulting services.