|By Elizabeth White||
|March 6, 2014 07:00 AM EST||
DocuSign on Tuesday announced the company has raised an additional $85 million with the vast majority from large institutional public funds and the balance from existing investors. DocuSign will use the funds to fuel continued growth as the global standard for Digital Transaction Management (DTM). The company will further innovate the DocuSign DTM platform, drive deeper vertical solutions, invest in the company’s strategic partnerships, and continue its international expansion.
Digital Transaction Management has emerged as a new category of cloud services to digitally manage document-based transactions. DTM removes friction inherent in processes that involve people, documents, and data to create faster, easier, more convenient and secure transactions. DocuSign’s DTM platform helps consumers and businesses complete transactions faster by eliminating the hassles, costs, and lack of security in printing, faxing, scanning, and overnighting documents to capture information, payments, and signatures. Companies DocuSign to create better customer experiences, ensure security and compliance, and achieve substantial ROI.
“We have the opportunity to change the way business is done for companies large and small,” said Keith Krach, chairman and CEO, DocuSign. “Our latest round of financing positions us to help more customers around the world keep business digital with DocuSign as the catalyst for their digital transformations. Our goal is to be a long-term sustainable company that provides value to our customers, partners, employees, and investors for many years to come.”
With more than 95,000 companies as customers, millions of users in 188 countries, and more than 40,000 new unique users joining the DocuSign Global Network every day, DocuSign is relied upon around the world as the only open, independent, standards-based DTM platform that enables trust between transacting parties. The funding follows on the heels of last week’s announcement of the company’s long-term strategic partnership with Microsoft to bring DocuSign Digital Transaction Management to the more than one billion Microsoft Office users worldwide.
“Our customers require an independent, global service the works with all solution providers across existing line-of-business processes and enterprise-wide systems,” said Gordon Payne, chief operating officer, DocuSign. “DocuSign has built its reputation as the most trusted, reliable, and secure DTM platform so that our customers can rest assured when there’s business to be done, they can just DocuSign it.”
The company’s most recent financing brings its total funding to $210 million. In addition to several large institutional public funds, DocuSign strategic investors include Comcast Ventures, Google Ventures, salesforce.com, SAP Ventures, and the National Association of REALTORS®. DocuSign financial investors include Sigma West, Kleiner Perkins Caufield & Byers, Accel Partners, Scale Venture Partners, Ignition Partners, and Frazier Technology Ventures. Morgan Stanley & Co. LLC acted as sole placement agent on the transaction.
“The caliber of the institutional funds and strategic partners who’ve invested in DocuSign highlights the positive impact DocuSign has for our customers by delivering significant ROI, ensuring security and compliance, and improving customer satisfaction and loyalty,” said Mike Dinsdale, chief financial officer. “The viral effect of the DocuSign global network helps bring the benefits of DocuSigning to all people around the world.”
DocuSign’s DTM platform is used to accelerate transaction times and increase speed to results across nearly every industry – from financial services, insurance, technology, healthcare, government, manufacturing, communications, real estate, retail, and consumer goods to higher education, non-profits and others – as well as every business department, including sales, marketing, finance, procurement, HR/staffing, legal, operations, and customer support.
To learn more about DocuSign, visit www.docusign.com.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective storage designed to handle the massive surge in back-end data in a world where timely analytics is e...
Mar. 26, 2015 02:45 PM EDT Reads: 4,588
SYS-CON Events announced today that Akana, formerly SOA Software, has been named “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which will take place June 9-11, 2015, at the Javits Center in New York City, NY. Akana’s comprehensive suite of API Management, API Security, Integrated SOA Governance, and Cloud Integration solutions helps businesses accelerate digital transformation by securely extending their reach across multiple channels – mobile, cloud and Internet of Things. Akana enables enterprises to share data as APIs, connect and integrate applications, drive part...
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Mar. 26, 2015 02:00 PM EDT Reads: 1,433
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Mar. 26, 2015 01:45 PM EDT Reads: 2,089
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Mar. 26, 2015 01:00 PM EDT Reads: 2,818
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Mar. 26, 2015 12:45 PM EDT Reads: 915
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
Mar. 26, 2015 12:30 PM EDT Reads: 4,636
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Mar. 26, 2015 12:15 PM EDT Reads: 2,308
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Mar. 26, 2015 12:00 PM EDT Reads: 1,171
SYS-CON Events announced today that Site24x7, the cloud infrastructure monitoring service, will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Site24x7 is a cloud infrastructure monitoring service that helps monitor the uptime and performance of websites, online applications, servers, mobile websites and custom APIs. The monitoring is done from 50+ locations across the world and from various wireless carriers, thus providing a global perspective of the end-user experience. Site24x7 supports monitoring H...
Mar. 26, 2015 11:45 AM EDT Reads: 1,493
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Mar. 26, 2015 11:30 AM EDT Reads: 782
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Mar. 26, 2015 11:00 AM EDT Reads: 4,534
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Mar. 26, 2015 11:00 AM EDT Reads: 1,233
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Mar. 26, 2015 10:00 AM EDT Reads: 701
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Mar. 26, 2015 09:15 AM EDT Reads: 2,016
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Mar. 26, 2015 09:00 AM EDT Reads: 4,703
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the M2M space. This really allows some room for influential individuals to create more high value inter...
Mar. 26, 2015 08:45 AM EDT Reads: 4,502
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Mar. 26, 2015 08:30 AM EDT Reads: 1,905
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Mar. 26, 2015 06:45 AM EDT Reads: 3,487