Box Announces Intent To Acquire E-Signature Innovator SignRequest
REDWOOD CITY, CALIF. (BUSINESS WIRE)
Box, Inc. (
NYSE:BOX) today announced that it has entered into a definitive agreement under which Box will acquire SignRequest, a cloud-based electronic signature company. Box also previewed Box Sign, an e-signature capability that will be developed on SignRequest’s technology and natively integrated into Box. Box Sign is expected to be included in Box business and enterprise plans, enabling customers to modernize the way they work and digitize important processes, while ensuring their agreements can be securely managed and governed in the Box content cloud.
Box enters the e-signature market with $55m acquisition
Box has agreed to acquire SignRequest, which would enable it to compete with companies such as DocuSign and Adobe.
Document storage company Box has struck a deal to buy e-signature start-up SignRequest for $55m. In a market that has long been dominated by companies such as DocuSign and Adobe, Box is now hoping to enter the fray.
Amsterdam-based SignRequest was founded in 2014 and now boasts more than 3.5m users. With this deal, Box plans to launch Box Sign, an e-signature service that will be developed using SignRequest’s technology and integrated into the Box platform.