Second Century Ventures Makes Strategic Investment in DocuSign
Venture Capital Fund of the National Association of REALTORS Selects Leading Electronic Signature Company as Newest Portfolio Company
SEATTLE - November 16, 2009 - DocuSign®, the leading provider of on-demand electronic signature solutions, today announced Second Century Ventures (SCV) has made a strategic investment in the company. As part of the investment, the president of Second Century Ventures and chief executive officer of the National Association of REALTORS® (NAR), Dale A. Stinton will join the DocuSign Board of Directors.
"DocuSign is an ideal portfolio company for Second Century Ventures, and we see huge potential for its fast-growing ESIGN services across the residential and commercial REALTOR landscape," said Dale A. Stinton, president of SCV and chief executive officer of NAR. "Our capital investment and guidance will serve as a catalyst for this company to become the standard and meet the market demand for legally binding electronic signatures that help REALTORS close more deals at a faster rate, and offer the convenience and flexibility buyers require."
The funds are invested to accelerate and extend DocuSign's leadership position as a core technology solution for residential and commercial real estate professionals. DocuSign joins an exclusive group of SCV portfolio companies including ePropertyData as well as representative investments made by NAR in Move Inc., zipLogix and SentriLock, that all provide leading technology solutions for REALTORS®. Second Century Ventures is the strategic investment arm of the National Association of REALTORS® (NAR), America's largest trade organization with more than 1.2 million members.
"Second Century Ventures' strategic investment underscores the success and value of DocuSign's electronic signature service to the real estate community and will assure we can meet the growing demand for our technology solution across the industry," said Matthew J. Schiltz, CEO and president of DocuSign. "We are looking forward to working with SCV, the National Association of REALTORS and their members as their best-in-class ESIGN provider."
More than 18,000 real estate professionals have used DocuSign to accelerate their business, with thousands more subscribing each month. Rather than driving across town to get a signature or forcing their clients to find a fax machine, real estate professionals use DocuSign to execute agreements with buyers and sellers electronically, eliminating the old process of printing, faxing, and waiting for the return fax. DocuSign real estate professional subscribers achieve higher sales, increase client satisfaction and maintain a competitive edge. Safe and secure, the DocuSign e-signature process is also easy to use and legally compliant.
About Second Century Ventures
Second Century Ventures (SCV) is a venture capital fund focused on promoting innovation in the real estate industry and helping to enable the entrepreneurial spirit of real estate thrive. SCV has been fully capitalized by the National Association of Realtors® (NAR). With over 1.2 million members, NAR is the largest trade association in the country. NAR can provide immediate strategic value to Second Century Ventures' portfolio companies by allowing them access to the vast resources of a 300-person organization with expertise, influence and power that comes only by being ingrained in an industry for over 100 years.
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1.2 million members involved in all aspects of the residential and commercial real estate industries. The annual REALTORS® Expo is the largest industry showroom in the nation with 400 exhibiting companies featuring oceans of new ideas and productivity tools to save time, help REALTORS work more efficiently and make more money.
REALTORS see their referrals and sales increase significantly from the networking and education they gain at the REALTORS Conference & Expo, the industry's premier event. More than 20,000 real estate professionals and guests from around the world attend this yearly event to learn about industry trends, new technology, and innovative products and services.
About DocuSign Inc.
DocuSign, Inc. is the leading provider of on-demand software services for electronic signature. DocuSign empowers individuals, small business and global enterprises to operate faster and more efficiently with greater profitability, enhanced security and compliance. DocuSign is the only Web-based service to securely automate and control the entire electronic document signing process. To date, more than 48 million signature events have been executed using DocuSign.
To learn how DocuSign can accelerate your business, visit www.docusign.com or call (866) 219-4318. Subscribe to the DocuSign blog at www.docusign.com/blog. Follow DocuSign on Twitter at http://twitter.com/DocuSign.
DocuSign, the DocuSign logo and "Close it in the Cloud!" are trademarks or registered trademarks of DocuSign, Inc. in the United States and/or other countries. All other marks are the property of their respective owners.