DocuSign acquires contract automation startup Lexion for $165 million in strategic move to boost contract management offerings

DocuSign has acquired contract workflow automation startup Lexion for $165 million as part of its efforts to expand its capabilities in the contract management space. Lexion, which began as a repository for contracts and evolved to address various use cases across departments, will provide DocuSign customers with a deeper understanding of their contract structures and data. The acquisition aligns with DocuSign's recent focus on contract management, including the launch of a service called DocuSign IAM. This move highlights the increasing …

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