Gonser then left the NetUpdate Board to focus on DocuSign full-time. With internal support from Gonser, Lorenzini negotiated the purchase of certain DocuTouch assets from NetUpdate and started DocuSign. DocuTouch held patents on Web-based digital signatures and collaboration. Timberline invested another $1 M in the merger into Netupdate. Through its history, NetUpdate had acquired several companies, including an e-signature start-up in Seattle called DocuTouch that had been funded by Timberline Venture Partners, Bill Kallman and Jeff Tung with $4M. Tom Gonser came up with the idea when he was at NetUpdate, a company he founded in 1998, and where he served as CEO. ĭocuSign was founded in 2003 by Court Lorenzini, Tom Gonser, and Eric Ranft. The company went public on the NASDAQ on April 27, 2018. None of the original founders are major shareholders. At the time of the IPO, the largest shareholders were venture investment firms Sigma Partners, Ignition Partners, Frazier Technology Ventures, and former CEO Keith Krach was the largest individual shareholder. In April 2018, DocuSign filed for an initial public offering. Signatures processed by DocuSign are compliant with the US ESIGN Act and the European Union's eIDAS regulation, including EU Advanced and EU, Qualified Signatures. DocuSign has over 1 million customers and hundreds of millions of users in more than 180 countries. As part of the DocuSign Agreement Cloud, DocuSign offers eSignature, a way to sign electronically on different devices. is an American company headquartered in San Francisco, California, that allows organizations to manage electronic agreements.
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