SAN FRANCISCO, March 28, 2019 /PRNewswire/ -- On the heels
of launching the DocuSign Agreement Cloud—its suite of products and
integrations for digitally transforming how organizations prepare,
sign, act on, and manage agreements—DocuSign (NASDAQ: DOCU)
today announced a $15 million
investment in artificial intelligence software leader Seal
Software.
The news expands the partnership formed between DocuSign and
Seal Software early last year, which saw Seal's artificial
intelligence-based agreement discovery, extraction, and analytics
solutions offered as a pre-integrated extension to DocuSign
eSignature.
This builds on the steps DocuSign has already taken to bring
intelligence to its suite of products—including the acquisition of
the IP rights of machine learning startup Appuri, another move
centered on AI technology, in December
2017; and the acquisition of SpringCM, with document
indexing and text search, in September
2018. It also reflects the increasing importance that AI
technologies play in helping to automate and connect a company's
entire system of agreement—allowing business to be done faster with
less risk, lower costs, and better experiences for customers,
partners, and employees.
"AI lets organizations analyze their agreements for hidden risks
and opportunities in new ways," said Ron
Hirson, chief product officer at DocuSign. "As we have
continued to invest in adding intelligence to our suite of
products, this investment in Seal's discovery and analytics is
just another step in making our Agreement Cloud offering
smarter."
"We are thrilled by DocuSign's confidence in Seal Software as a
partner and now as a strategic investor, as we build the next
generation of agreement discovery and analysis tools using
artificial intelligence," said Ulf
Zetterberg, co-founder and CEO of Seal Software. "Working
together, we will continue to unlock the full potential of all the
agreements that are pervasive across every size and type of
business."
Seal Software currently powers two DocuSign Agreement Cloud
product extensions: DocuSign Total Search and DocuSign Intelligent
Insights. Together, these enable DocuSign users to instantly and
easily find agreements, regardless of their origin or storage
location. Users can then compare sections of similar agreements to
identify inconsistent contract terms, areas of exposure, and
potential revenue leakage. They can also review auto-extracted
terms and concepts to ensure compliance and minimize exposure to
risk. These capabilities can help save companies millions of
dollars while continuing to reduce corporate risk.
For more information, visit
docusign.com/products/agreement-cloud and seal-software.com
Media Relations:
Adrian
Wainwright
Head of Communications
media@docusign.com
Investor Relations:
Annie
Leschin
VP Investor Relations
investors@docusign.com
Seal Software:
Thomas
Morelli
Spark PR
+1 206 218 3984
seal@sparkpr.com
About DocuSign, Inc.
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 475,000 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, call
+1-877-720-2040, or follow @DocuSign on Twitter, LinkedIn, Facebook
and Instagram.
About Seal Software
Seal Software is the leading
provider of contract discovery, data extraction and analytics. With
Seal's machine learning and NLP technologies, companies can find
contracts of any file type across their networks, quickly
understand what risks or opportunities are hidden in their
contracts and place them in a centralized repository. Headquartered
in the San Francisco Bay Area,
Seal empowers enterprises around the world to maximize revenue
opportunities, reduce costs, and mitigate risks associated with
contractual documents, systems, and processes. For more
information, visit Seal Software at seal-software.com.
Copyright 2003-2019. DocuSign, Inc. is the owner of DOCUSIGN®
and all its other marks (www.docusign.com/IP). Seal Software is a
trademark or registered trademark of Seal Software, Inc. in the
U.S. and/or other countries.
Forward-Looking Statements
This press release may
contain "forward-looking" statements that are based on our
management's beliefs and assumptions and on information currently
available to management. Forward-looking statements include all
statements that are not historical facts and can be identified by
terms such as "believe," "could," "potential," "will," "would" or
similar expressions and the negatives of those terms.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause our actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
the forward-looking statements. Our actual results could differ
materially from those predicted or implied and reported results
should not be considered as an indication of our future
performance. More information about factors that could affect our
performance are described in greater detail in our public filings
with the Securities and Exchange Commission (the "SEC"), copies of
which may be obtained by visiting our Investor Relations web site
at http://investor.docusign.com or the SEC's web site at
www.sec.gov. In addition, any forward-looking statements contained
in this 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 such statements.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/docusign-invests-15m-in-seal-software-to-accelerate-adoption-of-ai-in-analyzing-agreements-300820113.html
SOURCE DocuSign, Inc.