From CNBC: 2024-05-22 03:51:56

DocuSign CEO Allan Thygesen announced the company’s commitment to staying public despite rumored takeover interest from private equity firms. Reports suggested Bain Capital and Hellman & Friedman paused their pursuit of DocuSign after disagreements over the acquisition cost, rumored to be nearly $13 billion. Thygesen emphasized DocuSign’s focus on building as an independent entity.

DocuSign has been emphasizing its AI potential to investors, introducing AI-based products and acquiring Lexion, an AI-driven contract management product, for $165 million. CEO Thygesen led a rebranding effort and announced a new product focus, Intelligent Agreement Management (IAM). He believes AI will have a significant impact across industries, functions, and sizes, positioning DocuSign well to capitalize on this trend.

Read more: DocuSign CEO says wants to stay public after PE takeover speculation