Docusign, the cloud-based electronic signature platform, today announced that is has processed more than a half billion pages of “contracts, agreements and other legally binding documents”, all as part of its effort to enable businesses to go paperless in the document sharing and signing process. According to the company, this effort has saved more than 60,000 trees, and what would equate to $10 million in shipping costs. To commemorate the milestone, DocuSign has made a donation to the Arbor Day Foundation to preserve one million square feet of rain forest.
DocuSign also announced today the release of the latest edition of its eSignature solution, including the first appearance of a free version. This update to platform will bring DocuSign users the ability to “tag documents, auto-save, and make use of HTML5 enhancements”, the team said, like the ability to drag and drop files into DocuSign’s envelope to send, as well as pull documents from Box.net, Dropbox, Google Docs and Salesforce.
DocuSign’s new solution will also include interactive dashboards and reporting to let users know where documents stand in the review and signing process, and browser-aware localization, which will put documents in the user’s native language based on the user’s browser.
Most notably, DocuSign now includes integration with social networks, allowing users to sign in with Facebook, LinkedIn, Paypal, and Salesforce.
Lastly, DocuSign will be offering its users a free edition of its platform, in which they can sign up for a free account and receive 5-free “sends” (documents sent and signed) per month, with no credit card required.
Because the electronic signatures company now has over 8 million DocuSigners, when Adobe entered the eSignature space last year, DocuSign welcomed the addition “as market validation”. But, yesterday, Adobe announced the acquisition of EchoSign, an eSignature solution with over 3 million users, which it plans to integrate into its document software. This could symbolize some serious future competition for DocuSign, and it’s interesting to see DocuSign’s announcements today follow so closely on the heels of Adobe’s announcement.
However, Tim Gonser, DocuSign’s CEO, told TechFlash that the company still leads as a solution for enterprise customers, with “80 percent SaaS market share”. It also benefits from significant adoption resulting from a partnership and investment from the National Association of Realtors, according to TechFlash.
It also helps that DocuSign raised $27 million from Scale Venture Partners, Salesforce.com, Sigma Partners, Ignition Partners and Frazier Technology in December of last year, bringing total capital raised to just over $56 million.
Check out the additions here.