Lexion's technology will be integrated into Docusign's IAM platform, providing customers with richer insights into their agreements, an AI-powered plugin for Microsoft Word for contract development, and easier information retrieval in agreements. The acquisition is part of Docusign's commitment to transforming agreement data into insights, accelerating contract reviews, and boosting productivity to grow revenue faster.
Key takeaways:
- Docusign has acquired Lexion, an AI-powered agreement management software provider, for $165 million in an all-cash deal.
- Lexion's products will continue to be available and improved for its existing enterprise customers.
- The acquisition is aimed at strengthening Docusign's position in the Intelligent Agreement Management (IAM) space.
- Lexion's technology will be integrated into Docusign's IAM platform to provide customers with richer insights into their agreements and assist in contract development.