Docusign, which provides e-signature and transaction management software, is looking to expand and drive new growth opportunities after announcing three new data centres in Europe.

The firm, which has more than 130,000 companies and 48 million users globally, said it plans to open two new sites in Germany and the Netherlands, while the location of the third will be announced in 2015.

Docusign, which the Wall Street Journal reported could be valued $1.6bn at IPO, said the move will help the firm’s Global Trust Network drive growth opportunities and international expansion.

Grant Peterson, Chief Technology Officer, DocuSign, said: "We’re pleased to replicate our industry-leading carrier grade availability and bank grade security to our new data centres in Europe to empower anyone to transact anything, anytime, anywhere, on any device securely on the DocuSign Global Trust Network."

Robin Wilton, technical outreach director of Identity & Privacy, added: "Their Digital Transaction Management platform is one such innovation, and their decision to develop EU-located data centres shows great awareness of the current climate for trusted services."