M&A Deal Summary

DocuSign Acquires SpringCM

On July 31, 2018, DocuSign acquired internet software and services company SpringCM from Bluestem Capital for 220M USD

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

M&A Deal Summary
Date 2018-07-31
Target SpringCM
Sector Internet Software and Services
Buyer(s) DocuSign
Sellers(s) Bluestem Capital
Deal Type Add-on Acquisition
Deal Value 220M USD

Target

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.

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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 4 of 7
Sector (Internet Software and Services) 2 of 3
Type (Add-on Acquisition) 3 of 6
State (Illinois) 1 of 1
Country (United States) 1 of 4
Year (2018) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-08 OpenTrust - Trusted Documents and Transactions

France

OpenTrust - Trusted Documents and Transactions (TDT) is a provider of IT services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-27 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.

Buy $188M

Seller(S) 1

SELLER

Bluestem Capital

Sioux Falls, South Dakota, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Bluestem Capital Company LLC is a private equity firm focused on 'bread and butter' (basic industry) investment opportunities in the Midwest US. Sectors of interest include energy, real estate, leisure, manufacturing, business products, business services, and consumer products. Bluestem will invests in the range of $0.5 to 3 million per transaction. not invest in start-ups or turnaround situations. Bluestem Capital Partners was formed in 1989 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 8 of 11
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 6 of 9
State (Illinois) 1 of 1
Country (United States) 8 of 11
Year (2018) 1 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-11 PolyCera

Los Angeles, California, United States

PolyCera, Inc. is a developer and marketer of membrane technology for industrial wastewater treatment and process separation. PolyCera was founded in 2016 and is based in Los Angeles, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-19 Tear Film Innovations

Carlsbad, California, United States

Tear Film Innovations, Inc. is an operator of a medical company that develops products for the treatment of evaporative dry eye and related syndromes including meibomian gland dysfunction (MGD) and blepharitis. Tear Film Innovations was founded in 2014 and is based in Carlsbad, California.

Sell -
Mergr

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