DOCUSIGN ANNOUNCES AGREEMENT TO ACQUIRE LEXION
Acquisition would accelerate the company's move to Intelligent Agreement Management
Lexion's innovative AI-based agreement technology simplifies and centralizes the contract process, enabling accelerated drafting, negotiation, and review of agreements. With a suite of solutions designed for creating automated workflows and extracting vital information from contracts, Lexion has established itself as a proven leader in streamlining agreement management.
"We are thrilled to welcome Lexion to
The co-founders of Lexion — CEO
"Our shared vision with
Lexion has won recognition for being quick and easy to implement, learn, and use. The company has a strong track record of listening to customer needs and delivering the solutions they need.
"From a business perspective, it's about speed and not just about saving legal professionals time, so when we get information into the hands of stakeholders and attorneys on the front lines, deals get closed faster," said
Lexion technology integration
The integration of Lexion's advanced AI capabilities into the
Richer insights and analysis:
Lexion AI Contract Assist: A Word plug-in will substantially accelerate and intelligently assist in the contract review and negotiation process. Customers will be able to automatically review contracts from first and third parties for potential risks and deviations from approved playbooks. Where agreements don't align to company standards or customized playbooks, the feature provides suggested revisions with AI-generated recommendations.
Answer agreement questions, effortlessly: Lastly, Lexion technology will enable users to more seamlessly find information in their agreements, via the Q&A experience. Imagine being able to simply ask whether a contract includes an indemnification or warranty clause and have your question answered instantly, without scrolling through the whole document.
Seamlessly manage intake: Lexion's technology allows users to initiate tasks, provide approvals, and add comments simply via email, Microsoft Teams, or Slack. This seamless integration results in high adoption by the business, and a robust picture of agreement-related tasks in one place.
Lexion's AI and legal workflow expertise, along with our world-class
About
About Lexion
Founded in 2019, Lexion is a powerfully simple agreement workflow platform that helps every team do more faster, by streamlining and centralizing the contracting process in a system that integrates seamlessly with how teams work. Its products include a repository for storing agreements with AI-powered tools for creating automated workflows and extracting valuable information that enables businesses to move faster, gain greater insights, and make better decisions.
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Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risk and uncertainties. All statements contained in this press release other than statements of historical fact, including statements regarding our business strategy and plans, market growth and trends, objectives for future operations, and the impact of such assumptions on our results of operations are forward-looking statements. Forward-looking statements in this press release include statements related to the anticipated benefits of the acquisition; our product strategy; anticipated new or enhanced products; and our expectations regarding customer acceptance of those products. In some cases, you can identify forward-looking statements because they contain words such as "will," "potential," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans or intentions.
Additional risks and uncertainties that could affect our financial results are included in the sections titled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our annual report on Form 10-K for the fiscal year ended
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