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DocuSign acquires AI-powered contract management firm Lexion

DocuSign acquires AI-powered contract management firm Lexion

By Kyle Wiggersk, Tech Crunch 

As DocuSign reportedly explores a sale to private equity, it’s acquiring a company itself.

On Monday, DocuSign (which now prefers to go by Docusign, with a lowercase “S,” a PR rep from the company tells me) announced that it’s buying Lexion, a contract workflow automation startup, for $165 million. The purchase comes as DocuSign makes increasing investments in the contract management space, most recently launching DocuSign IAM, a service aimed at connecting different components of the corporate agreement creation and negotiation process.

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