In a surprising move today, Adobe Systems acquired EchoSign, a developer of Web-based electronic signature platform. The details of the acquisition have not been made public yet.
According to Adobe’s Acrobat blog, the EchoSign technology “will be integrated with Adobe’s other document services including SendNow for managed file transfer, FormsCentral for form creation and CreatePDF for online PDF creation.”
This deal will help Adobe Systems to increase its consumer base as EchoSign reportedly has over 3 million users. Moreover, this move will enable Adobe to improve its document-handling software which is one of the main products of the company.
Though the use of electronic signatures is on rise, still, it hasn’t been able to see the mainstream. Now, since Adobe is going to enter this area, this sector will eventually grow, seeing the brand power of Adobe Systems.
Currently, EchoSign provides its services to many small and medium-sized businesses and its Application Programming Interface (API) is offered to the companies which enables them to integrate the signature technology with their own procedures for sending, tracking and signing of their documents.
Jason Lemkin, CEO of EchoSign, stated that, “Together, our aim is to make electronic signatures the standard way for people to sign documents and automate contracting.”