DocuSign Acquires Lexion for $165 Million
May 6, 2024
DocuSign agreed to acquire Lexion, an AI-powered agreement/contract workflow automation startup, for $165 million in cash (subject to customary adjustments). The acquisition is intended to bolster DocuSign’s Intelligent Agreement Management (IAM) platform by adding deeper AI-driven document understanding, review, negotiation, and Q&A capabilities.
- Buyers
- DocuSign
- Targets
- Lexion
- Industry
- Cloud & SaaS
- Location
- United States
- Transaction Type
- Buyout
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