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DocuSign acquires AI-powered contract management firm Lexion
DocuSign has announced a deal to acquire Lexion, a startup building an AI-powered contract management firm, for $165 million.
But it slowly expanded with tools to address various use cases and challenges in document creation for teams across not only legal departments, but sales, IT, HR and finance. Perhaps in a bid to make its books more attractive to suitors, DocuSign in February announced plans to lay off ~6% of its workforce — some 400 jobs. Reuters reported in January that Bain and Hellman & Friedman are among the final bidders in an auction for DocuSign, which could be one of the biggest leveraged buyouts in 2024.
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