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In July 2018, Docusign acquired SpringCM for $220 million. [45] In February 2020, Docusign acquired Seal Software for $188 million. [46] On June 1, 2021, DocuSign acquired Clause, a smart legal contract technology startup. [47] [48] The company acquired Lexion, an AI-powered agreement management tool, in May 2024 for a reported $165 million. [49]
SpringCM is a secure cloud platform that manages sales contracts and all types of documents across desktop, mobile and partner applications like Salesforce.SpringCM manages the entire contract life-cycle with advanced workflows that automate manual tasks and complex processes.
Contract lifecycle management (CLM) is the proactive, methodical management of a contract from initiation through award, compliance and renewal. Implementing CLM can lead to significant improvements in cost savings and efficiency. [1]
In CLM features are used as an abstraction layer between the CLM-system and subscribing systems. A feature string is a valid (as determined by the definitions in the CLM system) complete or partial selection of features that define a product. The feature string acts as a product's DNA that is shared by all subscribing systems and processes.
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