E-signature company DocuSign announced Thursday afternoon that it had reached an agreement to acquire the AI-based contract analytics provider Seal Software for $188 million in cash. The deal has been approved by both DocuSign and Seal’s board of directors, with the acquisition expected to close in the first half of DocuSign’s fiscal year.
Seal’s software, which allows users to search collections of agreements by legal concepts and automatically extract or compare clauses and terms for analysis, has garnered attention from investors over the years. In June 2018, venture capital firm Toba Capital forked over $30 million in capital to help Seal continue its growth and product development.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]