April 29, 2008

DocuSign Wins Software 2008 Innovation Showcase Award

 

Enterprise-Class eSignature Company Lauded for SaaS Application

SEATTLE (April 29, 2008) –DocuSign, the leading enterprise-class electronic signature service, today announced that it has won the prestigious Innovation Showcase Award and will be one of only 14 companies to present at TechWeb’s Software 2008 Conference.

By eliminating the costly pen and paper-based signature process, DocuSign’s eSignature service has immediate strategic impact including increasing contract and sales close rates by more than 200 percent, reducing paper costs by over 80 percent, and reducing the time to complete and close contracts by more than 90 percent.

The Software Innovation Award winners were selected by the Sand Hill Group, which serves the $600+ billion software, services and solutions market by providing investment and management advice to emerging enterprise technology leaders.

“Selecting the winners of the Innovation Award is a very tough task, but it quickly became clear that DocuSign’s eSignature solutions are revolutionizing how contracts and agreements are signed, completed, managed and stored by businesses that want a competitive advantage,” said M.R. Rangaswami, Sand Hill Group co-founder and Software 2008 executive conference director. “Especially in today’s challenging business environment, companies clearly need technology that offers positive profitability impact but with immediate payback.”

“Similar to how Federal Express and the Web took the business world by storm,” Rangaswami continued, “DocuSign helps companies transform how they do business.”

“Winning this award further validates what our customers continually tell us – that DocuSign has an immediate positive impact on their profitability and competitive position,” said Matthew J. Schiltz, CEO and President of DocuSign. “We offer our solution via the SaaS model, upfront investments are minimized and the positive financial impacts are realized very quickly.”

“If your company is signing agreements on paper and not using DocuSign,” Schiltz said, “you are at a significant competitive disadvantage.”

DocuSign has more than 2,000 customers with more than 300,000 users. Customers include corporate leaders in financial services and banking, insurance, technology, education, mortgage and travel. These companies use DocuSign’s eSignature service to close deals faster, lock out competitors, increase profitability, and improve their competitive position. These companies have abandoned or greatly reduced their use of paper, printers, fax machines and overnight mail services, reducing costs and improving efficiencies.

The Innovation Showcase will take place at the Software 2008 Conference April 29–30 at the Mandalay Bay Convention Center in Las Vegas. The theme of the conference is “The Future of Software is Here.”

You can visit DocuSign during Software 2008 at booth #3324 in the Innovation Showcase.

About Sand Hill Group

Sand Hill Group serves the $600+ billion software, services and solutions market by providing investment and management advice to emerging enterprise technology leaders. Sand Hill also owns Sandhill.com – the premier destination site and resource center for CEOs, VPs, Entrepreneurs, VCs and for members of the software industry ecosystem. Its weekly electronic newsletter is read by thousands of executives. Sand Hill produces the ‘Enterprise’ and ‘Software’ conferences for CEOs and executives in the industry and creates high-impact research reports for its constituents.

TechWeb, the global leader in business technology media, is an innovative business focused on serving the needs of technology decision-makers and marketers worldwide. TechWeb produces the most respected and consumed media brands in the business technology market. Today, more than 13.3 million*  business technology professionals actively engage in our communities created around our global face-to-face events Interop, Web 2.0, Black Hat and VoiceCon; online resources such as the TechWeb Network, Light Reading, Intelligent Enterprise, InformationWeek.com, bMighty.com, and The Financial Technology Network; and the market leading, award-winning InformationWeek, TechNet Magazine, MSDN Magazine, Wall Street & Technology magazines. TechWeb also provides end-to-end services ranging from next-generation performance marketing, integrated media, research, and analyst services. TechWeb is a division of United Business Media, a global provider of news distribution and specialist information services with a market capitalization of more than $2.5 billion.

About DocuSign Inc.

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 increase revenue and sales close rates, decrease costs and accelerate 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.