Box to acquire Cloud Electronic Signature startup SignRequest


Box today announced its intent to buy cloud-based electronic signature company SignRequest for $55 million.

Founded in 2014, SignRequest allows users to sign documents with its online platform. Along with the announcement, Box has previewed its new feature Box Sign. The feature will be natively integrated into Box and offers an e-signature capability leveraging SignRequest’s technology.

Executive Opinion

Co-founder and CEO of Box, Aaron Levie, said, "The past year has fundamentally shifted the way we work, pushing businesses to move critical processes to the cloud. Streamlining digital transactions is integral to digitizing business and the e-signature category is ripe for disruption. We’re thrilled to welcome SignRequest to our team. For the past several years, we’ve been building the leading content cloud, enabling some of the world’s largest and most regulated organizations to secure, manage, and collaborate on their valuable information. Adding e-signature with Box Sign extends our vision for the content cloud and will help our customers accelerate their digital transformation."

CEO of SignRequest, Geert-Jan Persoon, said, "The last year has shown us that we can effectively work virtually and that we don’t need to rely on in-person meetings to get business done. Our mission is to build the most intuitive e-signature technology in the market and we are very excited to join the Box family to scale that vision in the enterprise. Marrying our powerful and affordable e-signature solution with Box’s enterprise-grade content platform will help digitize more transactions.” 

Box Sign and SignRequest

Levering SigRquest capabilities, Box intends to GA Box Sign in the summer of 2021. 

The new capability will allow customers to digitize important processes, securely manage and govern the agreements in the Box content cloud. 

Box Sign will be part of Box business and enterprise plans, notes the announcement.
PC: Pixabay

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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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