DocuSign
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| Founded | 2003 |
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| Headquarters | San Francisco, California |
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Key people
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Daniel Springer (CEO) Tom Gonser, Founder Court Lorenzini, Co-founder Eric Ranft, Co-founder |
| Products | Electronic signature and digital transaction management software and services |
| Website | docusign |
DocuSign is a San Francisco- and Seattle-based company that provides electronic signature technology and digital transaction management services for facilitating electronic exchanges of contracts and signed documents. DocuSign’s features include authentication services, user identity management, workflow automation, data integration, forms and templates, and payments. Electronic signatures processed by DocuSign are comparable to traditional signatures based on the product's compliance with the ESIGN Act as well as the European Union’s Directive 1999/93/EC on electronic signatures.
DocuSign was founded in Delaware in 2002 by Tom Gonser, considered to be the "Father of Electronic Signature". The original concept for the company came from Tom Gonser while he was still involved in NetUpdate, a company he founded in 1998 and had previously served as CEO, and where he was still an active Board member. In the early days of DocuSign with just one employee, Tom completed legal due diligence for his idea around cloud-based eSignatures with support from Dorsey & Whitney law in January 2002. He then negotiated the acquisition of an early-stage eSignature start-up in Seattle called DocuTouch founded by Mir Hajmiragha. via term sheet from NetUpdate. While DocuTouch had no material revenue, the company held patents on Web-based digital signatures and collaboration that would pave the way for Gonser to bring his vision to life. Gonser brought on Eric Ranft, Court Lorenzini, Mike Borozdin, Steve Woodworth and others to build and execute his vision for DocuSign.
DocuSign began sales in 2005 when zipForm, now zipLogix, integrated DocuSign into its virtual real estate forms. Mock trials featuring licensed attorneys and real judges highlighted the admissibility of DocuSign contracts in court based on encrypted audit logs of signature events as well as the impossibility of changing contracts.
In January 2007, Court Lorenzini stepped down as CEO and Chairman of the Board and took a less active role as Executive Vice President of Business Development. He was replaced as CEO by Matthew Schultz who served in that role until January 2010, when he was replaced by Steven King, who subsequently moved the corporate headquarters from Seattle to San Francisco. Keith Krach became DocuSign's chairman of the board in January 2010 and its CEO in August 2011.
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