Adobe has acquired EchoSign, a business specialising in web-based electronic signatures and signature automation.
Round-up of today’s M&A deals
Adobe has acquired EchoSign, a business specialising in web-based electronic signatures and signature automation.
Adobe plans to add EchoSign’s electronic signature technology to simplify having a document signed and plans to discontinue a cloud-based electronic signature service (called eSignatures or eSign) that it released in May last year, according to a statement.
EchoSign’s chief executive officer, Jason Lemkin, comments: ‘Together, our aim is to make electronic signatures the standard way for people to sign documents and automate contracting.’
He says the EchoSign software is to be integrated with Adobe’s other document services including SendNow for managed file transfer, FormsCentral for form creation and CreatePDF for online PDF creation.
Kevin Lynch, vice president and general manager of Adobe’s Acrobat and Digital Enterprise Solutions, says: ‘By adding electronic signature capabilities to Adobe’s document exchange services platform, we will be addressing the need to provide better customer experiences by significantly reducing the time, cost and complexity associated with having a document signed.’
EchoSign is based in Palo Alto, California and has sales offices in the UK and Germany. The founders of EchoSign and all full-time employees will join Adobe.
Round-up of today’s M&A deals
- Tullett Prebon gets it foot in the door of the Brazilian market with the acquisition of Sao Paulo’s Convencao Corretora de Valores e Cambio
Value: £19.8 million
Advisors: undisclosed
- Sony TV India (SET India) owner Multi Screen Media set acquire 11 Eenadu TV (ETV) regional channels
Value: £373 million
Advisors: undisclosed
- Automotive consultancy and data provider Derwent Management Services acquires Tangent Business Solutions
Value: undisclosed
Advisors: undisclosed
- Accenture acquires insurance software provider Duck Creek
Value: undisclosed
Advisors: undisclosed
- Addtech Energy & Equipment acquire all shares outstanding in A. Wendler AB, a technology trading company selling material for electrical installations, fuses and exterior lighting for the public environment.
Value: £3.8 million
Advisors: undisclosed
