We are thrilled to announce that Docusign, an Intelligent Agreement Management company, has entered a definitive agreement to acquire Lexion. This acquisition marks a significant milestone for both companies and promises to revolutionize how businesses manage agreements.
A new chapter with Docusign
Docusign has established itself as a leader in the agreements space, helping over 1.5 million customers accelerate their business processes through digital transformation. With the introduction of Docusign IAM, the company has once again demonstrated their commitment to innovation and excellence in this industry.
Lexion has been at the forefront of applying artificial intelligence to understanding contracts. Docusign plans to integrate our cutting-edge technology into their robust platform. These technologies include Lexion’s Intelligent Repository, which can identify and report on key contract terms and clauses, AI-powered AI Contract Assist for automatically reviewing agreements against pre-defined playbooks, and our seamless Intake system that allows the entire business to submit requests via email and engage with agreements by Teams or Slack. These will enhance Docusign’s offerings, making the Docusign IAM platform even more powerful.
Benefits for Lexion customers
For Lexion’s customers, this transition means several benefits. While we’ll continue to support our existing services, our users will also gain access to new, innovative features as we integrate more deeply with Docusign’s capabilities. This process will unfold over time, ensuring a smooth enhancement of your current systems with additional functionalities that support faster contracting, spend management, and comprehensive risk and obligation management across all agreements.
Our journey so far
Our journey to this point has been nothing short of incredible. From our early days at the Allen Institute for AI, our team has dedicated the past five years to harnessing natural language processing technology to revolutionize document comprehension and workflows. This has led to rapid growth, supporting hundreds of enterprise customers and showcasing the size of the opportunity and business need. To look forward to that work taking a global stage through Docusign’s customer base is both rewarding and exhilarating.
Gratitude for our supporters
As we embrace this new chapter, we want to extend our deepest gratitude to everyone who has supported us along the way. First and foremost, to our dedicated team, whose relentless innovation and hard work brought our vision to life; to our customers, who trust our technology and its utility to streamline their contract management; to our investors, who believed in our potential; and to our families, who supported us every step of the way: from the bottoms of our hearts, thank you. Your encouragement and support have been indispensable.
The future is bright
This acquisition is not just a merger of two companies but a fusion of visions toward a common goal: revolutionizing agreements management through innovative technology. For our team, our customers, and the future of agreement management, the road ahead is bright, and we look forward to walking it with you.
Stay tuned as we continually roll out new features and integrations that redefine what you can expect from an intelligent agreement management system.
