Cloud content management company, Box Inc, has announced that it has signed a definitive agreement to acquire Dutch e-signature startup, SignRequest for $55M (approx €45.6M). Upon the close of the transaction, SignRequest will become a wholly-owned subsidiary of Box.
The aim of this acquisition?
Adding e-signatures to its capabilities is a significant step for Box in building out the complete content cloud. Currently, Box offers e-signature functionality via third-party integrations whose support has so far been lacking. With the help of SignRequest’s team and technology, Box will develop Box Sign, it’s e-signature capabilities that will be integrated into Box.