DocuSign will stay a public company, according to the electronic signature platform's CEO. Allan Thygesen made that pronouncement in an interview with CNBC published Wednesday (May 23), following reports that private equity firms had considered a takeover.
DocuSign CEO Allan Thygesen said the online contract-signing platform is committed to staying public after rumored takeover interest from private equity firms.
Amid rising competition, DocuSign has pivoted into contract lifecycle management. Although it has turned profitable, the company's rate of revenue growth continues to slow.
SAN FRANCISCO , May 16, 2024 /PRNewswire/ -- Docusign (Nasdaq: DOCU) today announced that its first quarter fiscal 2025 results will be released on Thursday, June 6, 2024, after the close of the market. The company will host a conference call at 2:00 p.m.
Docusign announced an agreement to acquire Lexion for $165 million, signaling plans to integrate the Seattle-based company's AI-powered contract management technology into its Intelligent Agreement Management Platform.
As DocuSign reportedly explores a sale to private equity, it's acquiring a company itself. On Monday, DocuSign announced that it's buying Lexion, a contract workflow automation startup, for $165 million.
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