VentureBeat May 6, 2024
Ken Yeung

Docusign has announced the acquisition of Lexion, an AI-powered agreement management software provider, in an all-cash deal valued at $165 million. The purchase is intended to shore up Docusign’s position in the Intelligent Agreement Management (IAM) space, an area the company entered last month. But Lexion isn’t going away — at least not yet. Docusign says Lexion’s products will continue to be available and even improved for the hundreds of enterprise customers already using the software.

Founded in 2019 by Gaurav Oberoi, Emad Elwany and James Baird out of the Allen Institute for AI (AI2), Seattle-based Lexion offers a natural language processing system that turns contract text into structured data. It’s then delivered into a repository with search, reporting, alerts,...

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Topics: AI (Artificial Intelligence), Mergers & Acquisitions / JV, Technology, Trends
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