Adobe acquires EchoSign, the maker of a popular Web-based electronic signature solution and signature automation service.
Adobe Systems announced that it has acquired
EchoSign, a Web-based provider of
electronic signatures and signature automation.
Adobe
officials said EchoSign's electronic signature solution will be a key component
of the company's document exchange services platform for reliably exchanging
documents for universal access, review and approval, in a press release on the
acquisition. Adobe did not disclose the financial terms of the deal.
EchoSign's
solution supports more than 3 million users, Adobe said. The solution will be
offered as part of Adobe's online document exchange services platform and will
be integrated with other Adobe document services, including
SendNow for managed
file transfer,
FormsCentral
for form creation and
CreatePDF
for online PDF creation.
"Adobe's
document solutions help organizations turn inefficient, paper-based workflows
into streamlined electronic ones," said Kevin Lynch, vice president and general
manager of
Acrobat
Solutions and Digital Enterprise Solutions at Adobe, in a statement. "By
adding electronic signature capabilities to Adobe's document exchange services
platform, we will be addressing the need to provide better customer experiences
by significantly reducing the time, cost and complexity associated with having
a document signed."
Indeed,
by reducing the time and costs of having documents signed with traditional
methods, such as fax and overnight envelopes, the EchoSign solution can enable
customers to significantly accelerate sales cycles, improve tracking and
centralize the management of signed agreements through a simple-to-use cloud
service, Adobe said.
With
one click, the
EchoSign
electronic signature solution automates the entire signature process from
the request for signature to the distribution and execution of the form or
agreement, Adobe officials said. The EchoSign solution provides a secure
subscription-based service to individuals, small to medium-sized businesses
(SMBs) and enterprise customers, enabling real-time visibility into the
signature process and automatically storing and managing all signed documents.
The
EchoSign service includes a set of APIs for incorporation with company-specific
solutions to improve the process of sending, tracking and signing digital
documents. The EchoSign service also integrates with partner solutions, such as
Salesforce.com and
NetSuite.
"Bringing
together EchoSign's ease of use for contracting on the Web with Adobe's brand,
reach and trust in the document space, I fully expect that electronic
signatures will soon become the common way for people to sign documents,"
said Jason Lemkin, CEO of EchoSign, in a statement. "With nothing to download,
learn or install, there is simply no faster or more secure way for
organizations to sign, track or file contracts-and close more business
quickly."
EchoSign
is based in Palo Alto, Calif., with a sales presence in the U.K. and Germany.
The founders of EchoSign and all full-time employees will join Adobe, the
company said.
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