Category Archives: DocuSign

DocuSign bags $278m from Intel, Dell

DocuSign raised $278m, its largest single funding round to date

DocuSign raised $278m, its largest single funding round to date

Digital signing firm DocuSign announced it has secured $278m in a series F funding round from a range of investors including Intel and Dell.

The latest funding round brings the total amount raised by the firm to just over $500m. Others that have previously invested in the company include Google Ventures, VISA, Salesforce, Samsung and Telstra.

DocuSign is not the first digital signing (or ‘e-signing’) company to target enterprises (it competes with EchoSign, acquired by Adobe in 2011), but it has enjoyed reasonable success in the space and last year announced integration deals with both incumbents and younger cloud companies like Microsoft and Box, respectively.

In the past year it has grown its customer base (paying companies) by over 5,000 and 10 million unique users; it claims to have over 100,000 customers and 50 million unique users.

“Intel and DocuSign share a hyper-focus on creating trusted platforms to power our customers’ success,” said Rick Echevarria, vice president, Intel Security Group and general manager of Intel Security Platforms Group. “We’ve seen the value of the DocuSign platform, and we look forward to integrating our offerings to help our customers worldwide securely transact anything, anytime, anywhere, on Intel-powered devices.”

Keith Krach, chairman & chief executive officer of DocuSign said: “We’re pleased to have the biggest technology brands invest in DocuSign as part of The DocuSign Global Trust Network. These strategic engagements will help bring the power and value of DocuSign’s DTM platform to more countries, companies and customers around the world.”

The funding round comes just over a year after it bagged $85m from investors. At the time the company also announced it would pivot into security solutions, offering a security appliance that claims to implement “bank grade” security measures for digital transactions. Developed in conjunction with Bank of America, it gives highly regulated customers encryption key management capabilities and makes digital transactions behind enterprise firewalls auditable.

Google Ventures Backs DocuSign

DocuSign announced today that Google Ventures has joined in the company’s most recent financing round, bringing the total Series D funding to $55.7 million. Google Ventures joins investment lead Kleiner Perkins Caufield & Byers, along with Accel Partners, Comcast Ventures, SAP Ventures, and a large global institutional investor in this round. The company will use the funds to accelerate growth of the DocuSign Global Network via increased customer-focused R&D, deeper vertical industry solutions, and faster international expansion.

DocuSign’s secure, cloud-based platform helps consumers and businesses of all sizes and industries to complete transactions faster by eliminating the hassles, costs, and lack of security inherent in printing, faxing, scanning, and overnighting documents to capture information, payments and signatures. Companies use DocuSign to create better customer experiences and save money by automating and streamlining their business processes.

“The investment by Google Ventures highlights DocuSign’s value as a tech disruptor across the web and mobile platforms, from consumers to global enterprises,” said Keith Krach, DocuSign chairman and CEO. “DocuSign has become the global standard for eSignature by building a viral network of more than 20 million users that attracts 60,000 new users every day.”

“Electronic signatures are being rapidly adopted by enterprises, small businesses and consumers worldwide due to their convenience, security and ease of use,” said Karim Faris, partner, Google Ventures. “DocuSign’s market momentum, deep technology and strong team attracted us to them and we are excited to be working with the company as they scale their business worldwide extending their reach to hundreds millions of consumers.”

Global enterprises, business departments, individual professionals and consumers are standardizing on DocuSign, with 60,000 new users joining the DocuSign Global Network every day. Today, that network includes 20 million users who have DocuSigned more than 150 million documents in 188 countries – including employees at 90 percent of the Fortune 500. DocuSign is used to finish business faster across nearly every industry – from financial services, insurance, technology, healthcare, manufacturing, communications, real estate, consumer goods to higher education and others – as well every business department, including sales, finance, operations, procurement, HR/staffing, legal, and customer support.


DocuSign Gets $47.5 Million for Document Signatures Via Cloud

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DocuSign has secured $47.5 million in funding from premier investors, public funds, and strategic tech-industry leaders. Kleiner Perkins Caufield & Byers led the funding. Accel Partners and a large, global institutional investor joined in the funding round. Comcast Ventures and SAP Ventures provided additional investment joining existing tech industry partners salesforce.com and the National Association of REALTORS®. The company will use the funds to accelerate growth of the DocuSign Global Network via increased customer-focused R&D, deeper vertical industry solutions, and faster international expansion. The company also announced that Kleiner’s Mary Meeker, a noted Internet-industry expert, has joined its board of directors.

DocuSign’s legally binding, secure, cloud-based platform helps consumers and businesses of all sizes and industries collect information and sign documents online – eliminating the hassles, costs, and lack of security in printing, faxing, scanning, and overnighting documents to capture information and signatures. Companies use DocuSign to create better customer experiences and save money by automating and streamlining their business processes.

“This financing demonstrates the value the market places on innovative technologies that drive fundamental business transformation – particularly those with immediate ROI, viral adoption, and nearly unlimited application,” said Keith Krach, chairman and CEO, DocuSign. “DocuSign empowers anyone to sign anything, anywhere, anytime.”

“DocuSign has created a compelling and rapidly growing business by re-imagining an age-old basic service – signing documents,” said Mary Meeker, general partner, Kleiner Perkins. “DocuSign’s easy-to-use eSignature platform is transforming the way documents are processed and delivered, with record speed and efficiency. This financing highlights the appeal of the eSignature Transaction Management market and the value of DocuSign’s global, viral network.”

“We’re investing in DocuSign because electronic signatures have gone from a ‘nice to have’ to a ‘must have’, and DocuSign is the clear global leader in this industry,” said Philippe Botteri, Accel Partners. “We expect DocuSign’s growth to be exponential given the viral nature of their platform and the rapid adoption of mobile devices and tablets which makes DocuSigning that much more convenient.”

Global enterprises, business departments, individual professionals and consumers are standardizing on DocuSign with 60,000 new users joining the DocuSign Global Network every business day. Today, that network includes 20 million users who have DocuSigned more than 150 million documents in 188 countries – including employees at 90% of the Fortune 500. DocuSign is used to finish business faster across nearly every industry – including financial services, insurance, technology, healthcare, manufacturing, communications, real estate, consumer goods and higher education – and every business department – including sales, procurement, HR/staffing, legal, and customer support.

DocuSign’s growing customer base of 1.4 million paying users include companies like American Airlines, AON, Ariba, Auto Insurance Specialists (AIS), Bayer, BECU, BNY Mellon, Boston Scientific, BMW Financial Services, Box, California Closets, CB Richard Ellis, CenturyLink, Cisco, Comcast, Costco, Cox, DuPont, eBay, Expedia, Extra Space Storage, Haagen-Dazs Shoppe Company, HP, IKON Financial Services, Legal & General America (Banner Life and William Penn Life Insurance), LinkedIn, Madison Capital, Medtronic, Pinney Insurance, Siemens, Sony, TD Ameritrade Institutional, Toyota, Transamerica, United Automobile Insurance Services, Wellmark, Xerox, Yahoo!, and Yamaha.

DocuSign investors include Kleiner Perkins Caufield & Byers, Accel Partners, Comcast Ventures, SAP Ventures, Sigma+Partners, Scale Venture Partners, Frazier Technology Ventures, Ignition Partners, Second Century Ventures, WestRiver Capital LLC, salesforce.com, and the National Association of REALTORS®. To learn more about DocuSign, visit www.docusign.com.

 


DocuSign Speeds Integration with New eSignature REST API

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DocuSign today launched a new eSignature REST API for its industry leading DocuSign Global Network. This innovative, visually driven API makes connecting with DocuSign’s eSignature Transaction Management platform faster and easier for customers and partners. Organizations leveraging the API can offer DocuSign eSignature convenience from existing or new business processes in just hours of development time instead of weeks – accelerating speed to results, reducing costs, and delighting customers.

“More developers are using DocuSign’s open eSignature integration framework to integrate into their existing business solutions and apps than any other eSignature solution,” said Grant Peterson, chief technology officer, DocuSign. “The release of our new eSignature REST API standard and toolkit dramatically shortens the time it takes to integrate and deploy DocuSign – no matter what systems or devices customers use to run their business.”

“The eSignature REST API is visually stunning and ready for enterprise use,” said Dave Messinger, community architect, Appirio. “We were encouraged with how quickly we were able to integrate DocuSign into our CloudSpokes architecture – taking us days to prototype solutions instead of weeks or months. It just works. We’re excited and encourage CloudSpoke’s developers to take a look.”

DocuSign’s new eSignature REST API standard is built to be open and extensible, and was developed in collaboration with a number of the world’s leading cloud-based companies, including Appirio, Box, Mashery, salesforce.com, and others. This new industry standard will continue to be enhanced based on developer, partner, and customer feedback.

“DocuSign’s new eSignature REST API will enable salesforce.com customers – as well as developers in our partner ecosystem – to quickly and easily integrate with DocuSign,” said Mike Rosenbaum, senior vice president, AppExchange & Force.com Operations, salesforce.com. “Enterprises are accelerating their move to the cloud with architectures built around open APIs, instead of dealing with servers and software.”

As an integral component of the DocuSign Cloud Partner Program, the DocuSign Developer Program provides resources to facilitate integrations of all kinds, including technical evangelists, a complete API, online community, and a developer program described by ProgrammableWeb as “the strongest of all the [electronic signature] providers researched.”

DocuSign’s new eSignature REST API Toolkit includes:

  • Step-by-Step
    API Walkthroughs
    – A detailed, step-by-step
    visualization of the API call flows, function code examples, and
    detailed explanations of every step.
  • API
    Explorer
    – Developer onboarding tool powered by Mashery
    I/O Docs that provides the specific methods and code needed to execute
    tasks and workflow.
  • Online Documentation – Robust documentation of the REST API and
    how it can be used to accelerate development.
  • Community Forums – Fully monitored and supported community site
    to get questions answered quickly. In addition, DocuSign will
    establish set ‘Office Hours’ during June and July to further support
    developers.

“Offering developers an API Explorer to get started quickly is a key element of DocuSign’s full-dimensional API program,” said Neil Mansilla, director of platform evangelism & partnerships, Mashery. “DocuSign did an extensive integration using Mashery I/O Docs. DocuSign’s impressive code contributions back to the project will benefit developers and the open source community.”

“We already have more than 5,000 active developer accounts using our existing APIs today,” said Roger Erickson, vice president for customer success, DocuSign. “The speed-to-value equation of our new standard is truly amazing, and we view our eSignature REST API as a ‘crossing the chasm’ moment for embedding DocuSign eSignature and workflow management into any business process or system.”

Customers and partners are already using DocuSign’s eSignature REST API to help accelerate transaction cycle times to increase speed to results, reduce costs, and enhance customer satisfaction with the easiest, fastest, most secure way to send, sign, track, and store documents in the cloud. “DocuSign has really made a step forward in helping developers with the new eSignature REST API,” said Martin Davey, executive vice president of Industry Solutions, Thunderhead.com. “The API walkthrough area provides a quick and simple introduction to using the services and the REST API allows us to send out documents for signature, get real-time status updates, and embed DocuSign within our apps.”

Companies and developers interested in learning more about the new eSignature REST API standard and toolkit, upcoming webcasts, and other API resources should visit the DocuSign Developer Center at www.docusign.com/developer-center.


DocuSign, bluLink Solutions Enhance Enterprise Workflow with DocuSign for Microsoft SharePoint

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DocuSign today announced its collaboration with bluLink Solutions, a  provider of custom enterprise solutions with Microsoft SharePoint. bluLink will use the DocuSign eSignature Transaction Management Platform to fully automate signature processes for its SharePoint clients.

“By integrating with DocuSign, we will enable our SharePoint clients to keep their document processes including approvals requiring signatures entirely electronic,” said John Bech, vice president of sales at bluLink Solutions. “Our joint solutions will deliver tremendous value to our clients by reducing transaction times from days to minutes.”

“bluLink’s deep expertise with business processes, SharePoint, and DocuSign allow it to deliver significant value to its clients extremely quickly,” said Dustin Grosse, chief marketing officer at DocuSign. “With DocuSign, bluLink can dramatically shorten signature cycle times, eliminate the need for paper and eradicate data rekeying errors. Together we make it much easier for employees to do their jobs by delivering substantial, nearly immediate ROI that also improves employee satisfaction.”

Companies interested in integrating DocuSign’s electronic signature solution with Microsoft SharePoint may visit www.docusign.com or www.blulinksolutions.com for more information.