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September 8, 2015

DocuSign acquires OpenTrust divisions in EU expansion

Continued expansion and significant fundraising points to a possible IPO.

By James Nunns

DocuSign is ramping up its worldwide growth with the acquisition of OpenTrust’s Trusted Documents and Transactions Division.

Building on a multi-year partnership, the agreement will see DocuSign strengthen its Global Trust Network.

OpenTrust currently has customers that include AMF, BNP Paribas and Sage, as well as several others. Its EU-accredited technology comes as part of DocuSign’s strategy to build its global customer base.

Only OpenTrust’s Trusted Documents and Transactions division is being acquired, however, DocuSign will also add its partner’s digital signature, digital transaction and certificate ID technologies to its capabilities.

Pascal Colin, CEO, OpenTrust, said: "With more than 100,000 customers and more than 50 million users in 188 countries, DocuSign has become the global standard for Digital Transaction Management and the verb around the world for getting business done quickly, easily and securely – 100% digitally."

The company recently raised $233 million for its Series F round, which valued the company at around $3bn. The continued expansion in the EU by the company suggests that it could potentially go public in the near future.

OpenTrust has a number of partners that includes Salesforce, Primobox and Oracle.

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No financial details were revealed regarding the acquisition.

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