Second Century Ventures Makes Strategic Investment in DocuSign
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ZZHWZ | Quote | Chart | News | PowerRating -- DocuSign(R), the leading provider of on-demand electronic
signature solutions, today announced Second Century Ventures (SCV) has
made a strategic investment in the company. As part of the investment,
the president of Second Century Ventures and chief executive officer of
the National Association of REALTORS(R) (NAR), Dale A. Stinton will join
the DocuSign Board of Directors.
"DocuSign is an ideal portfolio company for Second Century Ventures, and
we see huge potential for its fast-growing ESIGN services across the
residential and commercial REALTOR landscape," said Dale A. Stinton,
president of SCV and chief executive officer of NAR. "Our capital
investment and guidance will serve as a catalyst for this company to
become the standard and meet the market demand for legally binding
electronic signatures that help REALTORS close more deals at a faster
rate, and offer the convenience and flexibility buyers require."
The funds are invested to accelerate and extend DocuSign's leadership
position as a core technology solution for residential and commercial
real estate professionals. DocuSign joins an exclusive group of SCV
portfolio companies including ePropertyData as well as representative
investments made by NAR in Move Inc., zipLogix and SentriLock, that all
provide leading technology solutions for REALTORS(R). Second
Century Ventures is the strategic investment arm of the National
Association of REALTORS(R) (NAR), America's largest trade
organization with more than 1.2 million members.
"Second Century Ventures' strategic investment underscores the success
and value of DocuSign's electronic signature service to the real estate
community and will assure we can meet the growing demand for our
technology solution across the industry," said Matthew J. Schiltz, CEO
and president of DocuSign. "We are looking forward to working with SCV,
the National Association of REALTORS and their members as their
best-in-class ESIGN provider."
More than 18,000 real estate professionals have used DocuSign to
accelerate their business, with thousands more subscribing each month.
Rather than driving across town to get a signature or forcing their
clients to find a fax machine, real estate professionals use DocuSign to
execute agreements with buyers and sellers electronically, eliminating
the old process of printing, faxing, and waiting for the return fax.
DocuSign real estate professional subscribers achieve higher sales,
increase client satisfaction and maintain a competitive edge. Safe and
secure, the DocuSign e-signature process is also easy to use and legally
compliant.
About Second Century Ventures
Second Century Ventures (SCV) is a venture capital fund focused on
promoting innovation in the real estate industry and helping to enable
the entrepreneurial spirit of real estate thrive. SCV has been fully
capitalized by the National Association of Realtors(R) (NAR).
With over 1.2 million members, NAR is the largest trade association in
the country. NAR can provide immediate strategic value to Second Century
Ventures' portfolio companies by allowing them access to the vast
resources of a 300-person organization with expertise, influence and
power that comes only by being ingrained in an industry for over 100
years.
About NAR
The National Association of Realtors(R), "The Voice for Real
Estate," is America's largest trade association, representing 1.2
million members involved in all aspects of the residential and
commercial real estate industries. The annual REALTORS(R) Expo
is the largest industry showroom in the nation with 400 exhibiting
companies featuring oceans of new ideas and productivity tools to save
time, help REALTORS work more efficiently and make more money.
REALTORS see their referrals and sales increase significantly from the
networking and education they gain at the REALTORS Conference & Expo,
the industry's premier event. More than 20,000 real estate professionals
and guests from around the world attend this yearly event to learn about
industry trends, new technology, and innovative products and services.
About DocuSign Inc.
DocuSign, Inc. is the leading provider of on-demand software services
for electronic signature. DocuSign empowers individuals, small business
and global enterprises to operate faster and more efficiently, with
greater profitability, enhanced security and compliance. DocuSign is the
only Web-based service to securely automate and control the entire
electronic document signing process. To date, more than 48 million
signature events have been executed using DocuSign.
To learn how DocuSign can accelerate your business, visit www.docusign.com
or call (866) 219-4318. Subscribe to the DocuSign blog at www.docusign.com/blog.
Follow DocuSign on Twitter at http://twitter.com/DocuSign.
DocuSign and the DocuSign logo are trademarks or registered
trademarks of DocuSign, Inc. in the United States and/or other
countries. All other marks are the property of their respective owners.
SOURCE: DocuSign, Inc.
DocuSign, Inc.
Doug Wheeler, 206-219-0190
doug.wheeler@docusign.com
or
Schwartz Communications
Jill Reed or Esther Burciaga, 415-512-0770
docusign@schwartz-pr.com
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