Its getting to be time. Yup, DocuSign is now “valued” at roughly $3 Billion. So, its time to let the public in on the deal. Early next year all that hard work will have really paid off for investors and partners with a much anticipated IPO. Looking forward to it.
“DocuSign is looking to bring its $3 billion company to market by the beginning of next year.
The San Francisco-based company, which facilitates electronic signature and digital document management, is looking at the public market with its new chief executive and partnerships with major technology companies. In the run up, the company is getting close to breakeven on a cash flow basis and moving further into the payments space.
“I would be surprised by early next year if we weren’t filing or public,” said Daniel Springer, chief executive of DocuSign, in an interview with MarketWatch.
Springer joined the company in January, replacing Keith Krach, who stepped down after taking on the role in August 2011. He was previously chief executive of Responsys, an email marketing company that was acquired by Oracle Corp. ORCL, -0.65% in 2014.
DocuSign was founded in 2003 and has raised more than $500 million in funding, including a $233 million round in 2015, which valued the company at $3 billion, according to The Wall Street Journal.
The company is venture-backed by investors including Bain Capital and ClearBridge Investments, but also has funding from companies it provides the technology to and partners with, including Salesforce.com Inc. CRM, -0.94% Alphabet Inc. GOOG, +0.49% Intel Corp. INTC, -0.06% and Dell Inc., Springer said…”
Full Story: Marketwatch