Adobe buys e-signature company EchoSign
Adobe Systems has taken over EchoSign, an electronic signature automation firm in Palo Alto.
EchoSign, founded in 2006, has about 3-million users and allows users to place digital signatures into business documents that can then be tracked digitally as they get sent to intended recipients without ever printing out or faxing a paper document.
The company says its cloud-based technology is legally equivalent to printing out and signing a document by hand and it works on desktop computers, mobile phones and tablets. Neither Adobe, based in San Jose, or EchoSign said how much the purchase deal is worth in announcing the deal on Sunday.
"Together, our aim is to make electronic signatures the standard way for people to sign documents and automate contracting," Jason Lemkin, EchoSign's chief executive said in a blog post. "Adobe's PDF solutions and document exchange services platform have helped organizations turn inefficient, paper-based workflows -- like overnight envelopes – into streamlined electronic ones."
EchoSign's technology will be integrated with Adobe's Acrobat PDF reading and editing software and other paperless document exchange services "including SendNow for managed file transfer, FormsCentral for form creation and CreatePDF for online PDF creation," Lemkin said.
Kevin M. Lynch, Adobe's vice president and general manager of Acrobat digital enterprise solutions, said in a statement that EchoSign will help push "significantly reducing the time, cost, and complexity associated with getting a document signed" electronically.
"With just 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," Lynch said. "What’s more, there's nothing to download or install."
-- Nathan Olivarez-Giles