Adobe Acquires Electronic Signature Company EchoSign

From PC World: Adobe Systems said on Monday that it has acquired EchoSign, a web-based provider of electronic signatures and signature automation, for an undisclosed amount.

Adobe plans to add EchoSign's electronic signature technology to its document exchange services platform, to reduce the time, cost, and complexity associated with having a document signed, the company said.

The company plans to discontinue as a result of the acquisition a cloud-based electronic signature service, called eSignatures or eSign, that it released in May last year. The service is currently in beta and will be targeted for end-of-life, a company spokeswoman said on Monday. With the acquisition of EchoSign, existing users of Adobe eSign beta service will "benefit from a much richer and complete product offering for their electronic signature needs", she added.

The EchoSign technology, which is currently used by over 3 million users worldwide, will be integrated with other Adobe document services including SendNow for managed file transfer, FormsCentral for form creation and CreatePDF for online PDF creation.

The founders of EchoSign and all full-time employees will join Adobe, the company said.

"Together, our aim is to make electronic signatures the standard way for people to sign documents and automate contracting," Jason Lemkin, CEO of EchoSign in Palo Alto, California said in a blog post on Sunday on the company's website.

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