PACKAGE SAYS IT HAS ACQUIRED NEDERLANDER CLOUD-BASED E-SIGNATURE STARTUP SIGNREQUEST FOR $55M AND PROGRAMS TO LAUNCH BOX REGISTER SUMMER 2021

Cloud storage and effort giant Box has declared plans to acquire SignRequest , a new cloud-based electronic signature (e-signature) startup based in the Netherlands, within a deal worth $55 thousand. The move comes as organizations across the spectrum have rapidly accepted remote work due to the global pandemic, which means more processes have had to change to the cloud — which includes signatures.

Created out of Amsterdam in 2014, SignRequest offers an e-signature device that can be integrated with many additional enterprise tools, including Salesforce, Google Drive, Zapier, in addition to Dropbox (a rival associated with sorts). Dropbox entered the particular e-signature realm in 2019 when it snapped up HelloSign in a $230 million deal , and even last summer Dropbox revealed may well embed HelloSign’s technology as a native characteristic inside its own offering.

At the moment, Box offers e-signature operation via third-party integrations such as DocuSign and HelloSign , but native support offers so far been lacking. And so alongside the acquisition, Pack has announced Box Signal, a new e-signature product designed on SignRequest’s technology which will be integrated natively into Pack.

The new system is expected to launch in general accessibility in summer 2021, together with the acquisition expected to close by the completed of April, according to some sort of Box press release. Box Signal will be included as part of the Package business and enterprise programs, though SignRequest will keep operate as a standalone company serving existing and new clients from its current online program.

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