DocuSign announced their intentions to acquire the Trusted Documents and Transactions (TDT) Division of OpenTrust, a French digital signature and certificate platform. The acquisition will help real estate practitioners to better transact with clients abroad as DocuSign blazes a path for world domination. Seriously.
The deal is expected to close in the fourth quarter on the heels of DocuSign raising $278M in funding this May – they’re making clear their intentions with this acquisition.
The happy couple dotes over each other
DocuSign chief executive Keith Krach said in a statement, “As the market leader in France, OpenTrust offers a high performance team, strong customer focus, world-class EU-accredited technology, and deep market expertise,” adding, “We’re delighted to have OpenTrust’s customers, partners and employees join The DocuSign Global Trust Network.”
“With more than 100,000 customers and more than 50 million users in 188 countries, DocuSign has become the global standard for Digital Transaction Management and the verb around the world for getting business done quickly, easily and securely – 100% digitally,” said Pascal Colin, CEO, OpenTrust.
“The combination of DocuSign and OpenTrust will bring the value of the fully digital business to more organizations by empowering anyone to transact anytime, anywhere, on any device. Securely,” Colin concluded.
The world domination plan isn’t new
DocuSign and OpenTrust have been partners since 2014 to allow more global brands to manage transactions through their platform, today formalizes the relationship. As the TDT division is acquired, the Trusted Identities unit will remain separate, although DocuSign will be adding OpenTrust’s digital signature, certificate ID, and digital transaction tools to their offering.
DocuSign became the most popular platform in the real estate industry with a healthy push from the NAR REach accelerator program, and has become the go-to for dozens of other industries in recent years as well.
Watch for DocuSign to go public soon, perhaps early next year. They’ve raised significant funding and are going global, so we’ll now be eyeballing who they hire as indicators of what we believe to be an inevitable IPO.