DocuSign announced the acquisition of contract workflow automation startup Lexion for $165 million. Lexion, which began as a repository for contracts, has expanded to address various use cases and challenges in document creation. The purchase comes as DocuSign makes investments in the contract management space, with plans to integrate Lexion's technology to provide customers with a better understanding of contract structures, data, insights, and potential risks. DocuSign's other acquisitions include SpringCM and Seal Software.
Keyword: DocuSign, Lexion, acquisition, private equity, contract management, AI, investment
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Last edited on: May 7, 2024 at 09:06 pm