Formstack, a Boston, MA-based software-as-a-service (SaaS) company that provides a no-code suite to create and orchestrate workflow with custom forms, documents, and eSignatures, acquired Formsite, a Chicago, IL-based online forms and surveys platform provider.
The amount of the deal was not disclosed.
With this acquisition, Formstack will reach a wider audience to offer a broader range of solutions, strengthening its position in the market. Over the next few months, the teams will be working on deeper integrations between the two offerings and the Formsite team will be stepping into new roles at Formstack.
Founded in 1998 by Randy Vroman as a way to help a colleague create their own Internet survey without assistance from others, Formsite currently provides data capture capability to allow customers to build online forms and surveys without the need for programming knowledge. With over 10,000 customers, the company has grown organically without any external investors.
Backed by PSG Equity and Silversmith Capital Partners, Formstack is a versatile no-code suite that simplifies data management and makes building automated workflows accessible to everyone. Designed for both non-technical users and developers, it offers drag-and-drop functionality, open API, and seamless integrations to streamline data collection, document generation, eSignature, and more. The company additionally offers a native Salesforce form solution to streamline how Salesforce users capture and update records. Over 20,000 organizations, including Advent Health, Virgin Galactic, and Netflix the suite of products to collect and manage data.
FinSMEs
11/12/2023