DocuSign Acquires SpringCM for $220,000,000

Company Information

Company
SpringCM

Website

http://www.springcm.com

Location
180 North LaSalle St. 6th Floor Chicago, IL 60601

Description
Our integrated subscription solution incorporates enterprise search, remote storage, collaboration and content distribution technologies completely on demand. SpringCM combines mature technologies with innovations from our R&D lab to offer applications designed to serve people, so that people don’t end up serving the technology.

Transaction Details

  • Date – 8/1/2018
  • Transaction Type – M&A
  • Transaction Amount – $220,000,000
  • Transaction Round
  • M&A Terms – With the addition of SpringCM’s capabilities in document generation, redlining, advanced document management, and end-to-end agreement workflow, the deal further accelerates DocuSign’s broadening of its solution beyond e-signature to the rest of the agreement process—from preparing to signing, acting-on, and managing agreements. Under the terms of the agreement, DocuSign will acquire SpringCM for approximately $220 million in cash.