November 13, 2007

Leading Software Vendors Join DocuSign’s Partner Program Accelerating the Growth of eSignature Technology

 

Leading software vendors and resellers join DocuSign’s Partner Program to integrate and market enterprise-class eSignature services; foundation for next stage of rapid growth for industry and DocuSign

SEATTLE, WA (November 13, 2007) –DocuSign, the leading web-based electronic signature service, announced that it has completed partnership agreements with leading software companies and resellers in the financial services, Contract Lifecycle Management (CLM) and mortgage technology markets. Deals with Upside Software, Allied Solutions, Global Client Solutions, XwareNet and Document Systems, Inc., have been finalized. These deals, along with previously announced agreements with Fidelity National Title, LandAmerica, Zipform and BioPassword, are creating the largest electronic signature partner and reseller program in the industry. With more than 1,800 customers and 300,000 end users, DocuSign is emerging as the standard for enterprise-class, web-based electronic signature services and was recently named to Gartner Group’s “Cool Vendor” list for the second consecutive year. To date, DocuSign has recorded nearly 6 million signature events.

As an enterprise-class hosted service, it is easy for partners to integrate DocuSign’s eSignature service into their applications, software platforms, online services and reseller programs. DocuSign offers partners and resellers a powerful API to enable seamless integration, along with an Electronic Signatures Best Practices Group to ensure successful customer implementations. DocuSign’s industry leading Partner Program is enabling software companies to quickly integrate the DocuSign eSignature engine, creating a new incremental revenue stream for the partner.

DocuSign’s partners and their customers realize immediate benefits when using the eSignature technology:

• Increased Sales Close Rates, Higher Revenue: XWarenet, a leading technology services provider to financial services companies, uses DocuSign’s eSignature service to significantly increase sales closure rates and decrease the time it takes to close deals. Completing customer acquisition has been reduced from 12-14 days to a few hours, a decrease of more than 98 percent. Sales closure rates have jumped from 35 percent to 80 percent since implementation. Using DocuSign helps XWareNet help its customers dramatically improve closure rates, speed customer acquisition times and eliminate the delays inherent in paper-based transactions, all in a fully secure and 100-percent legal process.
  
  
• Higher ROI: Upside Software, the worldwide leader in CLM solutions, has incorporated the eSignature service into its CLM offerings. Upside Software has made DocuSign the exclusive choice for its corporate customers seeking an electronic signature service for its CLM solutions. This enables corporations to seamlessly move from contract creation through to contract execution without leaving the Upside Software platform, resulting in faster return on investment (ROI) from their investment in Upside’s CLM solution, with results measured in weeks, as opposed to months. Upside Software estimates that DocuSign enables its customers to finalize the already rapid process of completing contracts by an additional 30 percent.
  
  
• Improved Service, Reduced Costs: Document Systems, Inc. (DSI), a leading developer of mortgage technology for compliant loan document preparation and customer contact management, is using DocuSign’s eSignature technology in DSI’s mortgage document preparation services for lenders. DSI has incorporated one-click DocuSign “eSignature tags” into its library of some 60,000 documents for closing mortgages. By incorporating DocuSign into the DSI system, DSI eliminates the need for mortgage brokers to print out millions of pages of documents per month simply to get a signature, while helping mortgage brokers improve sales performance and offer better service to their clients.

“We have the leading electronic signature service partner and reseller program in the industry. No other company in the industry has the breadth of partners and solutions across as many industries and business processes as does DocuSign,” said Matthew J. Schiltz, CEO and President of DocuSign. “This is a result of the success our partners and their customers experience when they use DocuSign. It fundamentally changes how they run and grow their businesses. Companies that partner with DocuSign gain the ability to deliver increases in sales closer rates two- to threefold, and much faster revenue growth. As we close in on 6 millionth eSignature event, DocuSign and our partners are more committed than ever to eliminating the costly pen-and-paper signing processes. If you are a software company and your customers are signing paper agreements, it’s time to join the electronic signing revolution.”

About DocuSign
DocuSign offers a web-based electronic signature service that provides the simplicity, speed and security required to electronically sign and store documents. Designed from the ground up for enterprise-class usage, this service integrates the technical infrastructure and legal compliance needed to operate an end-to-end electronic signing service that replaces the old pen and paper process. DocuSign customers span a variety of industries and range from the largest corporations to the smallest branch offices. These customers trust DocuSign to help them achieve increased revenue and sales close rates, decreased costs, and acceleration in business velocity. DocuSign also offers a direct positive impact on our global environment by reducing paper consumption and transportation emissions. For more information please visit www.docusign.com. DocuSign and the DocuSign logo are registered trademarks of DocuSign, Inc.