M&A Deal Summary

DocuSign Acquires Seal Software

On February 27, 2020, DocuSign acquired software company Seal Software from Tern for 188M USD

Acquisition Highlights
  • This is DocuSign’s 2nd transaction in the Software sector.
  • This is DocuSign’s 2nd largest (disclosed) transaction.
  • This is DocuSign’s 2nd transaction in the United States.
  • This is DocuSign’s 1st transaction in California.

M&A Deal Summary

Date 2020-02-27
Target Seal Software
Sector Software
Buyer(s) DocuSign
Sellers(s) Tern
Deal Type Add-on Acquisition
Deal Value 188M USD

Target

Seal Software

Walnut Creek, California, United States
Seal Software specializes in writing software that performs complex analysis of contractual data. Seal Software is specifically designed to locate contractual documents and extract and present key contractual information related to language, clauses, clause combinations, and the key contextual metadata held within them. Seal Software interfaces with Salesforce.com’s CRM products to allow contract discovery and contractual information to be obtained in Salesforce. Also, Seal provides a portfolio of professional consulting and implementation services that enable customers to maximize the benefits of Seal Software.

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Buyer(S) 1

Buyer

DocuSign

San Francisco, California, United States

Category Company
Founded 2003
Sector Internet Software and Services
DESCRIPTION
DocuSign's corporate headquarters in downtown San Francisco, California.
DocuSign's corporate headquarters in downtown San Francisco, California.

DocuSign, Inc. is a provider of electronic signature software and solutions. DocuSign, Inc. was established in 2003 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 5 of 7
Sector (Software) 2 of 3
Type (Add-on Acquisition) 4 of 6
State (California) 1 of 1
Country (United States) 2 of 4
Year (2020) 1 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-31 SpringCM

Chicago, Illinois, United States

SpringCM, Inc. is a provider of content cloud services for the enterprise. Enterprises need to do more than store and share content-they need to put content to work to accelerate business outcomes. SpringCM is based in Chicago, Illinois.

Buy $220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-07 Liveoak Technologies

Austin, Texas, United States

Liveoak Technologies is a provider of a secure agreement-collaboration platform. Liveoak uses web-based videoconferencing, rich collaboration features, identity verification, and other tools to help complete an auditable transaction remotely—and it counts some of the world's largest financial institutions as customers. Liveoak Technologies is based in Austin, Texas.

Buy $38M

Seller(S) 1

SELLER
DESCRIPTION

Tern is an investment group focused on acquiring and investing in UK-based cloud and IoT companies. The Firm looks to add value by improving capital efficiencies and building sales and marketing strategies as well as acquire equity positions in capitalized market leaders with near term value potential. Tern was formed in 2004 and is based in London.


DEAL STATS #
Overall 1 of 2
Sector (Software) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-21 Device Authority

Bracknell, United Kingdom

Device Authority Ltd. is a platform that solves the data security & authentication challenges for the Internet of Things (IoT). Device Authority software platform significantly reduces the end-to-end attack surface, protecting critical company and customer data assets. Device Authority solves mission-critical IoT security problems, including provisioning and authorisation, device-based access control, software and firmware updates, credential management and data delivery over third party networks and services. Device Authority is establishing IoT trust and security as the enabler for the wide adoption and acceleration of IoT initiatives.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-14 DiffusionData

London, United Kingdom

DiffusionData specialises in secure real-time distribution of data to web and mobile applications on any smartphone, tablet, computer or similar device. It enables businesses to deliver engaging, real-time marketing information to customers via a range of devices. It works with organisations in the e-gaming, financial services, telecommunications, media and broadcast and transportation sectors to optimise data, mobile application performance, web scale and data acceleration. DiffusionData was founded in 2006 and is based in London, United Kingdom

Sell £10M