Contract Management software
Updated: March 08, 2020
2020. DocuSign acquires Seal Software for $188M to enhance its AI chops
Contract management service DocuSign announced that it is acquiring Seal Software for $188 million. Seal Software was founded in 2010, and, while it may not be a mainstream brand, its customers include the likes of PayPal, Dell, Nokia and DocuSign itself. These companies use Seal for its contract management tools, but also for its analytics, discovery and data extraction services. And it’s these AI smarts the company developed over time to help businesses analyze their contracts that made DocuSign acquire the company. This can help them significantly reduce their time for legal reviews, for example.