Adobe acquires electronic signature company EchoSign

Adobe is integrating the electronic signature technology into its document exchange services platform

Adobe Systems said on Monday that it has acquired EchoSign, a web-based provider of electronic signatures and signature automation, for an undisclosed amount.

Adobe plans to add EchoSign's electronic signature technology to its document exchange services platform, to reduce the time, cost, and complexity associated with having a document signed, the company said.

The company plans to discontinue as a result of the acquisition a cloud-based electronic signature service, called eSignatures or eSign, that it released in May last year. The service is currently in beta and will be targeted for end-of-life, a company spokeswoman said on Monday. With the acquisition of EchoSign, existing users of Adobe eSign beta service will "benefit from a much richer and complete product offering for their electronic signature needs", she added.

The EchoSign technology, which is currently used by over 3 million users worldwide, will be integrated with other Adobe document services including SendNow for managed file transfer, FormsCentral for form creation and CreatePDF for online PDF creation.

The founders of EchoSign and all full-time employees will join Adobe, the company said.

"Together, our aim is to make electronic signatures the standard way for people to sign documents and automate contracting," Jason Lemkin, CEO of EchoSign in Palo Alto, California said in a blog post on Sunday on the company's website.

The opportunity for Adobe is large as hundreds of thousands of overnight envelopes are currently sent for signature every day, the Adobe spokeswoman said. FedEx's revenue from overnight envelopes, for example, was US$1.64 billion in 2010.

EchoSign provides a subscription-based service to individuals, small to medium-size businesses, and enterprise customers, assisting the signature process and automatically storing and managing all signed documents, Adobe said.

The EchoSign service includes a set of APIs (application programming interfaces) for integration with company-specific solutions to improve the process of sending, tracking and signing digital documents, it added. The technology is already integrated with services from vendors like Salesforce.com and NetSuite, a vendor of cloud computing business management software suites.

John Ribeiro covers outsourcing and general technology breaking news from India for The IDG News Service. Follow John on Twitter at @Johnribeiro. John's e-mail address is john_ribeiro@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business managementcloud computingdocument managementMergers and acquisitionsinternetadobesoftwareapplicationsEchoSign

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

John Ribeiro

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Featured Content

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?