EchoSign "The Killer App for Contract Management." has announced that it has secured $6 million

By admin at October 26, 2007 | 3:43 am | Print

What Is EchoSign:
In just one click, the EchoSign solution automates the entire signature process from the request for signature to the distribution and filing of the executed agreement or form. With nothing to download, learn or install, there is simply no faster or secure way to get your contracts signed, tracked and filed.
EchoSign has taken the ‘contract close’ process from its old paradigm of efaxes and misplaced emails into a sophisticated, but easy to use contract automation application with measurable and proven value. Now organizations can get both external and internal contracts signed in seconds electronically, or by an automated fax system, that intelligently routes signed copies of each contract to all parties. In addition, everyone in the organization — sales, finance, HR — now for the first time has instant visibility into the status of all outstanding contracts.

How Much They Got From VCs:
EchoSign , the leading web-based signature automation service, today announced that it has secured $6 million through a Series B Preferred venture capital financing agreement. The investment was led by Emergence Capital with full participation from previous investor Storm Ventures.

Whats The Purpose Of Raising Fund:

This round of funding enables EchoSign to expand sales, marketing, and product development operations to meet the increasing demand and popularity of its easy to use, web-based application. Every day over 150,000 users in over 500 global organizations say “Just EchoSign It,” to get their contracts signed in the most secure, efficient and effective manner possible.
How It Value For Us Or Companies:
EchoSign’s contract signature automation application adds value to organizations of all sizes from British Telecomm, Network General, PayPal, Entertainment Publications, and even bail bondsman at bailgram.com. EchoSign’s seamlessly integrated application with salesforce.com — EchoSign for Salesforce — is one of the top rated applications on the salesforce.com AppExchange. At the recent salesforce.com Dreamforce conference, EchoSign was named “The Killer App for Contract Management.” EchoSign is also a launch partner on Webex Connect, and a charter member of OpenSAM, enabling a full open ecosystem of online office applications.
About VCs:
Emergence Capital Partners is the leading venture capital firm focused on early and growth-stage Technology-Enabled Services investing. Our mission is to help build market leading, successful businesses in partnership with great entrepreneurs. Our partners have funded and helped build over 30 TES companies, including such leaders as aQuantive, DoubleClick, Salesforce.com, SuccessFactors, and HireRight more than any other early-stage venture firm. Having assessed thousands of companies in the TES sector, we have developed significant expertise and resources focused on the critical factors of success in our market. Our focus and team-based approach allow us to create unique value for our service-based portfolio companies.

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