Cloud storage and cooperation giant Box has introduced plans to acquire SignRequest , the cloud-based electronic signature (e-signature) startup based in the Netherlands, in the deal worth $55 mil. The move comes as companies across the spectrum have rapidly accepted remote work due to the global pandemic, which means more processes have had in order to transition to the cloud — including signatures.
Founded out of Amsterdam within 2014, SignRequest offers an e-signature tool that can be integrated numerous other enterprise tools, which includes Salesforce, Google Drive, Zapier, and Dropbox (a competitor of sorts). Dropbox moved into the e-signature realm within 2019 when it snapped up HelloSign in the $230 million deal , and last summer Dropbox uncovered it would add HelloSign’s technology as an indigenous feature inside its own providing.
Currently, Box offers e-signature functionality via third-party integrations for example DocuSign plus HelloSign , but native assistance has so far been deficient. So alongside the order, Box has announced Package Sign, a new e-signature item built on SignRequest’s technologies that will be integrated natively straight into Box.
The newest product is expected to launch generally availability in summer 2021, with the acquisition expected to end the end of April, based on a Box press release. Package Sign will be included in the Box business and organization plans, though SignRequest will certainly continue to operate as a stand alone business serving existing plus new customers from its current on the internet platform.
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