SAN FRANCISCO, May 1, 2020 /PRNewswire/ -- DocuSign
(NASDAQ: DOCU), which offers the world's #1 eSignature solution as
part of the DocuSign Agreement Cloud, today announced the
closing of its acquisition of Seal Software, one of the
leading contract analytics and artificial intelligence (AI)
technology providers. This marks another
step toward bringing the benefits
of AI to the digital transformation of the agreement
process.
"Seal's technology and value proposition can now be more
comprehensively integrated across the DocuSign Agreement Cloud—the
company's suite of applications and integrations for automating and
connecting the entire agreement process," said Scott Olrich, DocuSign's COO. "By adding Seal to
our growing portfolio, we are enhancing the agreement process
through the use of AI-driven analytics and machine learning
technology."
For more information, visit docusign.com.
Media Relations:
Adrian Wainwright
Head of Communications
media@docusign.com
Investor Relations:
Annie Leschin
VP Investor Relations
investors@docusign.com
About DocuSign
DocuSign helps organizations connect and automate how they prepare,
sign, act on, and manage agreements. As part of the DocuSign
Agreement Cloud, DocuSign offers eSignature: the world's #1 way to
sign electronically on practically any device, from almost
anywhere, at any time. Today, more than half a
million customers and hundreds of millions of users in over
180 countries use DocuSign to accelerate the process of doing
business and to simplify people's lives.
For more information, visit www.docusign.com
About Seal Software
Seal Software is the global leader in enterprise contract
analytics. With Seal's machine learning and natural language
processing technologies, companies can use artificial intelligence
to find and organize contracts across their networks and
repositories and to quickly understand the risks and opportunities
hidden in their contracts. Seal empowers enterprises around the
world to maximize revenue opportunities, reduce costs, and mitigate
risks associated with contractual documents.
Forward-Looking Statements
This press release contains forward-looking statements related to
DocuSign, Seal and the acquisition that are based on our
management's beliefs and assumptions and on information currently
available to management. These statements are subject to
substantial risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
statements. Forward-looking statements include all statements that
are not historical facts and can be identified by terms such as
"will," "expects," "believes," or "continue" or the negative of
these words or other similar terms or expressions that concern our
expectations, strategy, plans or intentions. Forward-looking
statements in this press release include, among other things,
statements about the potential benefits of the transaction, our
ability to develop our Agreement Cloud platform and deliver product
innovation, and new products and potential market opportunities.
Risks and uncertainties include, among other things, risks related
to our ability to successfully integrate Seal's products,
technologies and operations; our ability to realize the anticipated
benefits of the proposed transaction, including the possibility
that those benefits will not be realized when anticipated, or at
all; disruption from the transaction making it more difficult to
maintain business and operational relationships; the outcome of any
legal proceedings related to the transaction or otherwise; negative
effects of the announcement of the consummation of the transaction
on the market price of our common stock or on our operating
results; significant transaction costs; and unknown
liabilities.
Additional risks and uncertainties that could affect our
financial results are included in the sections titled "Risk
Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations" in our annual report on Form
10-K for the fiscal year ended January 31,
2020 filed on March 27, 2020
with the Securities and Exchange Commission (the "SEC"), and other
filings that we make from time to time with the SEC. In addition,
any forward-looking statements contained in this press release are
based on assumptions that we believe to be reasonable as of this
date. Except as required by law, we assume no obligation to update
these forward-looking statements, or to update the reasons if
actual results differ materially from those anticipated in the
forward-looking statements.
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SOURCE DocuSign, Inc.