Press Release

DocuSign Acquires SpringCM

September 18, 2018

San Francisco – September 18, 2018 – Cooley advised DocuSign on its agreement to acquire cloud-based document generation and contract lifecycle management software company SpringCM for approximately $220 million. Partner Jamie Leigh led the team advising DocuSign. 

“We’ve done this with SpringCM as a partner across hundreds of joint commercial and enterprise customers,” said Dan Springer, CEO of DocuSign, in a news release. “And we have many more DocuSign customers asking us to provide these capabilities natively as part of our platform. That’s why we believe today’s announcement makes such great business sense.”

DocuSign offers the leading electronic signature solution as part of its broader platform. The acquisition of SpringCM is expected help the company continue to expand its capabilities for automating the rest of the agreement process.

Earlier this year, Cooley advised DocuSign on its $723.7 million initial public offering. The company now trades on the Nasdaq Global Select Market as “DOCU.” Cooley has advised DocuSign since 2014 on a wide range of other corporate and M&A matters, including a $310 million financing in 2015.

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