DocuSign to Acquire SpringCM, for Approx. $220M

docusignDocuSign (Nasdaq: DOCU) is to acquire SpringCM, a Chicago, IL-based provider of cloud document generation and contract lifecycle management software, for approx. $220m.

With the addition of SpringCM’s capabilities in document generation, redlining, advanced document management, and end-to-end agreement workflow, DocuSign will further accelerate broadening of its solution beyond e-signature to the rest of the agreement process—from preparing to signing, acting-on, and managing agreements.

Led by Dan Springer, CEO, DocuSign provides organizations with solutions to connect and automate how they prepare, sign, act-on, and manage agreements. As part of System of Agreement (SofA) platform, the company offers a tool to sign electronically on practically any device, from anywhere, at any time. More than 400,000 customers already use the company’s solutions.

SpringCM is led by Dan Dal Degan, CEO, and backed by Crestline Investors and Foundation Capital.



Join the discussion