DocuSign acquires Clause to strengthen smart agreements
DocuSign is acquiring the smart agreement provider Clause, further complementing its Agreement Cloud platform. DocuSign previously participated in Series A funding of Clause in 2019 and already cooperated on integrating its software in the past.
Clause’s smart agreement platform helps automate tasks such as sending notifications, updates of contract status, and compliance checks.
Its products already integrate tightly with DocuSign eSignature, and the company is exploring deeper connections to contract lifecycle management (CLM) solutions too.
“Smart agreements” incorporate computer code and smart clauses that effectively bring agreements to life—connecting different computer systems together, enabling actions to be taken automatically, and helping business to get done faster, more cost-efficiently, and with lower risk, according to DocuSign.
“The majority of the Clause team will move over to our platform engineering team, thereby adding some unique technical expertise and a breadth of capabilities that align well with the future of the Agreement cloud platform,” said DocuSign chief technology officer Kamal Hathi.
For more information about this acquisition, visit www.docusign.com.