DocuSign, which has previously collaborated with Clause on developing digital contract technologies, will integrate the startup s broader technology portfolio into its own Agreement Cloud platform. This system aims to elevate digital contracts from photos of paper documents into living documents with interactivity and digital functionality. It is a compelling and exciting frontier of technology, and it s an important enabler of making our Agreement Cloud smart, said DocuSign CTO, Kamal Hathi. It s against that backdrop that DocuSign has entered into a definitive agreement to acquire the IP rights and hire the team from one of the industry s smart agreement pioneers, Clause.
Dan Springer, CEO. DocuSign
Springer took the helm as DocuSign s CEO in January 2017 with the mission of taking the company public. Springer came to the company with IPO experience under his belt: He helped take the cloud software and services company Responsys public and led its $1.6 billion sale to Oracle in 2014.
DocuSign hired Springer after more than a year-long search for a new leader and an exodus of executives in 2016. He cut his teeth in the software-as-a-service (SaaS) industry at a range of companies like NextCard, one of the first online credit card issuers, and the tech-based media marketing company Modem Media.