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Sometimes it is. You actually called it a wee bit ago. Give yourself credit where its due.
Sometimes, it's not fun being right.
DocuSign price target cut to $45 amid report takeover talks stalled - analyst
https://www.msn.com/en-us/money/companies/docusign-price-target-cut-to-45-amid-report-takeover-talks-stalled-analyst/ar-BB1hOLaw
DocuSign's (NASDAQ:DOCU) price target was reduced at Wells Fargo following a report that its takeover talks with private equity firms have stalled. DocuSign slumped 7.2%.
The price target for the electronic signature firm was cut to $45 from $55 at Wells Fargo, analyst Michael Turrin, who has an underweight rating on DocuSign (DOCU), wrote in a note on Monday.
Talks between private equity firms Bain Capital and Hellman & Friedman and DocuSign (DOCU) have stalled as the parties have been unable to agree to a price after weeks of discussions, according to a Reuters report on Monday, which cited people familiar with the matter.
"We see challenges acquiring DOCU given current scale ($11B mcap) alongside our view the co is facing a tough fundamental backdrop (inc comp headwinds, pricing pressure), leaving mgmt w/ limited options for organic improvement (+ more limited negotiating power)," Turrin wrote. "We believe these issues are likely contributors to Reuter's suggestions interested parties are now cooling & note elevated risk for DOCU standalone given FQ4 just closed."
The latest update comes after Bloomberg last week reported that some banks were in talks to provide financing for a $13 billion purchase of the electronic signature firm.
DocuSign (DOCU) shares first surged 12.5% on Dec. 15 when the Wall Street Journal reported the company could go private via a leveraged buyout. The stock had risen 3.5% from the day before the WSJ news was released until Monday.
My take is, it's not going to be good for the shareholders.....just guessing.
Don't mention it.......on second thought.....mention it.
MEDIA-JPMorgan, BofA in talks to finance $13 bln DocuSign buyout- Bloomberg News
3:15 PM ET, 02/01/2024 - Reuters
-- Source link: http://tinyurl.com/yhnbru4r
-- Note: Reuters has not verified this story and does not vouch for its accuracy
DOCU buyout news from bloomberg-
https://www.bloomberg.com/news/articles/2024-02-01/jpmorgan-bofa-in-talks-to-finance-13-billion-docusign-buyout
Behind a paywall
If anyone can print it - great. Toss it out here
It may mean absolutely nothing, but today's trading reversed the chart and not in a good way.
I'd do the same.
I don't believe Docusign has a dying business plan. I do think they needed time. But all that has changed anyway.
I could leave right now with a gain on the average, and I could make that decision at any time, but at this moment I don't feel that's responsible while knowing an offer might be on the table for DOCU. I feel I should wait and see what that might be.
So yes, I am holding for now.
Do you hold onto stocks with a dying business plan? Credit them for recognizing their business was a fad. Something GPRO should have recognized sooner.
What is your guess on a buyout price?
Private Credit Duels With Banks for $8 Billion DocuSign LBO Debt
John Sage, Silas Brown and Lisa Lee
Mon, January 22, 2024 at 8:29 AM MST·1 min read
https://finance.yahoo.com/news/private-credit-duels-banks-8-152938833.html
(Bloomberg) -- Direct lenders are vying with banks to finance a potential buyout of DocuSign Inc. with a debt package totaling as much as $8 billion, according to people with knowledge of the matter.
Bain Capital and Hellman & Friedman are jockeying to acquire the electronic signature platform, though the discussions are ongoing and details may change, according to the people, who asked not to be named discussing a private transaction.
Representatives for DocuSign, Bain and Hellman & Friedman declined to comment. Details about the potential take-private deal were reported earlier by Reuters.
The proposed loan would be the largest ever direct-lending deal by roughly $3 billion, according to data compiled by Bloomberg, and comes at a time when the competition between banks and direct lenders is reaching a fever pitch.
Conditions in the broadly-syndicated loan and junk-bond markets — where private equity firms have traditionally looked to finance multi billion-dollar buyouts — have improved in recent months, in part due to mounting speculation the Federal Reserve’s aggressive interest-rate hiking cycle is over. That could make a debt package arranged by banks more attractive compared to private credit and increase the rivalry between the two sets of lenders.
The revival means more competition in the $1.6 trillion private credit market, which boomed over the past 18 months as soaring rates and hung debt made banks cautious about underwriting fresh leveraged buyouts.
DocuSign has a market capitalization of nearly $13 billion and went public in 2018.
It's gonna be all or nuttin.....FWIW, it's not a terrible gamble.
I agree with you, Derf. Time is death to a deal.
I'm looking for the exit door, and should one appear...
I will be out that door quicker than a shirt on an Alaskan airline flight. ;)
You almost have me convinced to buy some of this. I remember long ago a similar play that I jumped all over....only to get bought out about a buck and a half below what I paid for it.
And of course the debacle that was RAD, trading at $6 and was set to get bought out at $9 next quarter.....never happened and I'm still waiting on my class action settlement.
Point is, an expression I learned long ago has served me well...."Time is death to a deal"....the longer it takes, the more likely it won't end well.
Of course on the other hand.......there is greed......it could double.....
Activist Investors Are Acting Up
https://finance.yahoo.com/m/29674f15-a255-31d0-82ba-71da70acb08b/activist-investors-are-acting.html
Dylan Lewis: Before we go to break, we've got one more story of corporate intrigue. Shares of DocuSign up 10% after a report that the E Signature company has bids to take it private. Emily, it has been a tough two years to be a DocuSign shareholder. I know because it's sitting in my portfolio, I am a [laughs] shareholder and I know exactly what those declines feel like. It seems like the story for this business has shifted pretty dramatically from being a growth story to being a more of a cash flow story and a profitability story. Is that why we're starting to see some interest in maybe taking it private.
Emily Flippen: I think there's a couple of things that DocuSign shareholders can take from this. The first one being that we don't know. These are still rumors, so we don't know what the price of any potential deal could be. But the fact that the stock is up on this news says to the market, hey, we assume the price is going to be higher than we're DocuSign is trading now. So as you mentioned, if you're a DocuSign shareholder, hopefully you know this is a business that has consistently produced a fair amount of cash. So it's not like Twilio in the sense that it has not been burning hundreds of millions of dollars and is trying to keep itself afloat. But you're right that the growth story has changed and that's not necessarily what every investor signed up for when they bought shares of DocuSign, which have declined pretty substantially from its pandemic peaks. But the other thing you take from this is the fact that there are two private equity firms reportedly fighting over DocuSign, which is really interesting because if you actually look at private equity activity over the course of 2023, it was pretty low in comparison to what it has been in the past. As you can assume, largely result of rising interest rates, higher inflation, more concerned about the economy. But now, people are saying, hey, look, we're having this soft landing. This thing nobody thought possible. Maybe it's happening right now, maybe interest rates to Ron's earlier point, maybe they'll come down at some point over the course of the year. I don't know if I agree with that, but I do think it's telling that there's a ton of private equity cash sitting on the sidelines. It's actually up pretty substantially in comparison to where it was even back in 2018. So there's a lot of money to be had for private equity firms that are looking to make a buck and with a business like Docusign, which does produce a fair amount of cash flow, has a lot of room for improvement. It makes sense that there'd be two companies fighting over it.
It’s going through, 2 weeks. 🤞
Good advice.
The best situation is when you are in a stock before those words are mumbled.
I'm not sure DOCU should sell themselves. It's a little odd that they want to.
Be careful would be my advice. I've twice gotten burnt by buying in ahead of a buyout on stocks.
EXCLUSIVE-Bain, Hellman & Friedman vying to acquire DocuSign-sources
3:32 PM ET, 01/11/2024 - Reuters
By Milana Vinn and Anirban Sen
NEW YORK, Jan 11 (Reuters) - Bain Capital and Hellman & Friedman are competing to acquire DocuSign Inc, the provider of online signature services with a market value of about $12 billion, according to people familiar with the matter.
The two private equity firms are among the final bidders in the auction for DocuSign, which is set to be one of the biggest leveraged buyouts of 2024, the sources said.
While the investment firms have not joined forces, it is possible that they may partner down the line to clinch a deal, the sources added. An outcome is expected in the coming weeks.
Blackstone Inc, another buyout firm, held talks about a potential deal with DocuSign but is no longer in contention, according to two of the sources.
The sources cautioned that no transaction is certain and asked not to be identified because the matter is confidential.
Representatives for Bain and Hellman & Friedman declined to comment. DocuSign and Blackstone did not immediately respond to a request for comment.
The Wall Street Journal reported in December that DocuSign was exploring a sale, without identifying any suitors.
DocuSign went public in 2018 at a $6 billion valuation. Its technology allows customers to sign documents online from any electronic device. It counts large corporations such as T-Mobile, United Airlines and Thermo Fisher among its clients.
Last month, DocuSign reported quarterly adjusted earnings of 79 cents?? per share for the quarter that ended in October, higher than the 57 cents it posted a year earlier. Revenue rose 8.5% to $700.4 million from a year ago.
A spike in financing costs in the last two years made financing leveraged buyouts more expensive and big deals hard to clinch. Yet some large transactions are slowly breaking through, as the financing outlook improves.
Blackstone and Permira unveiled a deal in November to buy European online classifieds company Adevinta ASA for about 14 billion euros ($15.36 billion).
In July, buyout firm GTCR agreed to buy a majority stake in Worldpay, the merchant services business of Fidelity National Information Services, in a deal that valued the unit at $18.5 billion. ($1 = 0.9112 euro) (Reporting by Anirban Sen and Milana Vinn in New York; editing by Jonathan Oatis
HAHA! Of course I did.
I watch my stuff like a hawk
I wish that rumor was real - but I'm not holding my breath.
Dang it! You beat me to it.
DocuSign surges on report that company is exploring a sale
Fri, December 15, 2023 at 11:59 AM MST·1 min read
(Bloomberg) — DocuSign Inc., whose software handles electronic signatures, rallied as much as 12% after the Wall Street Journal reported that it was considering a sale.
The company is working with advisers to explore a leveraged buyout, but the talks are in early stages, the newspaper said, citing unidentified people familiar with the situation. DocuSign’s market value was $12.8 billion as of Friday.
DocuSign’s revenue growth has slowed into the single digits this year after explosive leaps during the pandemic, when companies turned to remote work and needed to handle more documents online.
“DocuSign’s recent bookings data show a hint of stabilization in demand, but economic growth in 2024 could delay any significant improvement in sales,” Anurag Rana, an analyst at Bloomberg Intelligence, said earlier this month.
The shares rose as high as $62.77 in New York, marking the biggest intraday jump since December 2022. DocuSign had been up just 1.3% this year through Thursday’s close.
A representative for the San Francisco-based company didn’t immediately respond to a request for comment.
Back in small
No. I was asking Time frame.
Is your typical short term a few months. A few weeks? etc
Very true. Some dividends are really return of principle as well.
Believe me, I've owned HBAN literally all my life and seen that even with reinvesting all dividends, it can still hurt. But it's better than not getting them I think.
Are you asking in general how I define a short term pattern? Because I think it's different in every scenario. Depends on the chart specifically.
Dividends are great if the PPS is going up - but if you are losing equity and it pays a dividend it is meaningless unless you reinvest that dividend and use it as a compounding tool. If you are taking the dividend in cash, and your equity has gone down - does a dividend paying stock really equate?
How short is your short term thought pattern?
Well, as I've pointed out, I'm not a bottom fisher.
I may miss out on $10 upside, but also missing out if it's still going lower. I'm a fan of support levels.
IF this paid a dividend, I might have a bit different take, but don't think so.
My goal on most short term stuff is a 30% upside and move along. If this breaks $60 and has a shot to run to $120, I'd be ecstatic.
Waiting for $60 doesn't interest me. That's not me at all. If you think it's going there and would buy there - a $10 spread has been left on the table due to paralysis by analysis based on current PPS. Not saying that's going to happen just pointing out the obvious in your scenario, which btw...is absolutely the safest idea - so I'm not knocking it one bit. It's very smart. It's just not my style.
Right now, for me...It's crap season. Everything turns to 💩 for the next few months.
Will DOCU be any different? Doubt it - so 46.66 ...recent low - I'll track
39.57 last Nov low... I'll track, and I have yet to stop tracking those gaps. 44.40 and 40.65 and if that 44.40 fills I'll be all over that. That's me. That's what I like.
Shit hitting the fan. ;)
Man, looking back at this one, it was crazy. I sold at $220, $297, then $149. I managed to turn a large gain into a small one.
This was definitely one of the greater Covid plays.
It may be a buy one day, but I don't see that day as today.
If I were gonna buy, I'd wait to see it above $60. The next resistance is around double that price. I'd be in no hurry to sit and wait on a non dividend paying stock.
JMO, of course.
DocuSign Announces Second Quarter Fiscal 2024 Financial Results;
Announces Increase to Share Repurchase Program
https://www.sec.gov/Archives/edgar/data/1261333/000126133323000078/q224ex-991er.htm
San Francisco – September 7, 2023 – DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature product as part of its industry leading lineup, today announced results for its fiscal quarter ended July 31, 2023.
“Our results for the first half were solid and reflect strong progress on our business transformation,” said Allan Thygesen, CEO of DocuSign. “We increased our pace of innovation by delivering key new features, while strengthening our self-service and partner distribution channels, and we’ve received tremendous enthusiasm on our product roadmap, particularly from our enterprise customers.”
Second Quarter Financial Highlights
Total revenue was $687.7 million, an increase of 11% year-over-year. Subscription revenue was $669.4 million, an increase of 11% year-over-year. Professional services and other revenue was $18.3 million, an increase of 8% year-over-year.
Billings were $711.2 million, an increase of 10% year-over-year.
GAAP gross margin was 79% compared to 78% in the same period last year. Non-GAAP gross margin was 82% for both periods.
GAAP net income per basic share was $0.04 on 204 million shares outstanding compared to a loss of $0.22 on 201 million shares outstanding in the same period last year.
GAAP net income per diluted share was $0.04 on 208 million shares outstanding compared to a loss of $0.22 on 201 million shares outstanding in the same period last year.
Non-GAAP net income per diluted share was $0.72 on 208 million shares outstanding compared to $0.44 on 206 million shares outstanding in the same period last year.
Net cash provided by operating activities was $211.0 million compared to $120.9 million in the same period last year.
Free cash flow was $183.6 million compared to $105.5 million in the same period last year.
Well, that's not good. Investigation wise.
Where are you getting your numbers from?
The numbers I have thru marketsmith, IBD and and Schwab are all the same and they do match with their filings.
eps and sales @
.44 and 622.2 M
.57 and 645.5 M
.65 and 659.6 M
.72 and 661.4 M
San Francisco – June 8, 2023 – DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature product as part of its industry leading lineup, today announced results for its fiscal quarter ended April 30, 2023.
https://www.sec.gov/Archives/edgar/data/1261333/000126133323000069/q124ex-991er.htm
“DocuSign’s first quarter results, coupled with traction on our strategic objectives reflect a solid start to the year," said Allan Thygesen, CEO of DocuSign. “While we have work ahead of us, I am encouraged by our progress to enable smarter, easier, trusted agreements. As we continue to execute on our strategy and leverage our competitive advantages, notably in AI, DocuSign is well positioned for the future.”
First Quarter Financial Highlights
▪Total revenue was $661.4 million, an increase of 12% year-over-year. Subscription revenue was $639.3 million, an increase of 12% year-over-year. Professional services and other revenue was $22.1 million, an increase of 14% year-over-year.
▪Billings were $674.8 million, an increase of 10% year-over-year.
▪GAAP gross margin was 79% compared to 78% in the same period last year. Non-GAAP gross margin was 83% compared to 81% in the same period last year.
▪GAAP net income per basic share was $0.00 on 203 million shares outstanding compared to a loss of $0.14 on 200 million shares outstanding in the same period last year.
▪GAAP net income per diluted share was $0.00 on 208 million shares outstanding compared to a loss of $0.14 on 200 million shares outstanding in the same period last year.
▪Non-GAAP net income per diluted share was $0.72 on 208 million shares outstanding compared to $0.38 on 206 million shares outstanding in the same period last year.
▪Net cash provided by operating activities was $233.6 million compared to $196.3 million in the same period last year.
▪Free cash flow was $214.6 million compared to $174.6 million in the same period last year.
▪Cash, cash equivalents, restricted cash and investments were $1.4 billion at the end of the quarter.
---------------------------------------------------------------------------------------------------------------------------------------
San Francisco – March 9, 2023 – DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature product as part of its industry leading lineup, today announced results for its fourth quarter and fiscal year ended January 31, 2023.
https://www.sec.gov/Archives/edgar/data/1261333/000126133323000030/q423ex-991er.htm
“We finished the year strong, delivering across our key financial metrics and making tangible progress on our strategic priorities. We are reshaping DocuSign to invest in our innovation roadmap and self-service capabilities.” said Allan Thygesen, CEO of DocuSign. “Looking ahead, we aim to drive profitable growth at scale by executing our mission of smarter, easier, and trusted agreements.”
Fourth Quarter Financial Highlights
▪Total revenue was $659.6 million, an increase of 14% year-over-year. Subscription revenue was $643.7 million, an increase of 14% year-over-year. Professional services and other revenue was $15.9 million, a decrease of 5% year-over-year.
▪Billings were $739.0 million, an increase of 10% year-over-year.
▪GAAP gross margin was 79%, compared to 77% in the same period last year. Non-GAAP gross margin was 83% compared to 81% in the same period last year.
▪GAAP net income per basic share was $0.02 on 202 million shares outstanding compared to a loss of $0.15 on 199 million shares outstanding in the same period last year.
▪GAAP net income per diluted share was $0.02 on 206 million shares outstanding compared to a loss of $0.15 on 199 million shares outstanding in the same period last year.
▪Non-GAAP net income per diluted share was $0.65 on 206 million shares outstanding compared to $0.48 on 207 million shares outstanding in the same period last year.
▪Net cash provided by operating activities was $137.1 million compared to $87.8 million in the same period last year.
▪Free cash flow was $113.0 million compared to $70.3 million in the same period last year.
▪Cash, cash equivalents, restricted cash and investments were $1.2 billion at the end of the quarter.
----------------------------------------------------------------------------------------------------------------------------------------
San Francisco – December 8, 2022 – DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature product as part of its industry leading lineup, today announced results for its fiscal quarter ended October 31, 2022.
https://www.sec.gov/Archives/edgar/data/1261333/000126133322000200/q323ex-991er.htm
“We delivered solid third quarter results, and are pleased with the continued progress against our critical priorities”, said Allan Thygesen, CEO of DocuSign. “DocuSign is the pioneer and leader in eSignature. This gives us a strong foundation to create and deliver a delightful and differentiated workflow experience, making agreements smarter and easier for companies of all sizes. I look forward to continuing to advance our business, as we both innovate and operate at scale to deliver value for all of our stakeholders.”
Third Quarter Financial Highlights
▪Total revenue was $645.5 million, an increase of 18% year-over-year. Subscription revenue was $624.1 million, an increase of 18% year-over-year. Professional services and other revenue was $21.4 million, an increase of 27% year-over-year.
▪Billings were $659.4 million, an increase of 17% year-over-year.
▪GAAP gross margin was 80% compared to 79% in the same period last year. Non-GAAP gross margin was 83% compared to 82% in the same period last year.
▪GAAP net loss per basic and diluted share was $0.15 on 201 million shares outstanding compared to $0.03 on 198 million shares outstanding in the same period last year.
▪Non-GAAP net income per diluted share was $0.57 on 206 million shares outstanding compared to $0.58 on 208 million shares outstanding in the same period last year.
▪Net cash provided by operating activities was $52.5 million compared to $105.4 million in the same period last year.
▪Free cash flow was $36.1 million compared to $90.0 million in the same period last year.
▪Cash, cash equivalents, restricted cash and investments were $1.1 billion at the end of the quarter.
--------------------------------------------------------------------------------------------------------------------------------------
San Francisco – September 8, 2022 – DocuSign, Inc. (NASDAQ: DOCU), which offers the world’s #1 e-signature solution as part of the DocuSign agreement platform, today announced results for its fiscal quarter ended July 31, 2022.
https://www.sec.gov/Archives/edgar/data/1261333/000126133322000160/q223ex-991er.htm
“We delivered solid Q2 results, with a strong finish to the first half of the year. These results reflect the focus and dedication of our team on execution during this transition period, with a stronger foundation in place to deliver in the second half of the year. We enter this next phase with a clear set of vital few deliverables for our people initiatives and product roadmap, while driving sustainable and profitable growth at scale,” said Maggie Wilderotter, DocuSign's Interim CEO and Board Chair. “We have a $50 billion market opportunity, an industry leading digital agreement platform, strong market position, and an experienced leadership team. I have total confidence our team will successfully deliver for all stakeholders.”
Second Quarter Financial Highlights
▪Total revenue was $622.2 million, an increase of 22% year-over-year. Subscription revenue was $605.2 million, an increase of 23% year-over-year. Professional services and other revenue was $17.0 million, a decrease of 11% year-over-year.
▪Billings were $647.7 million, an increase of 9% year-over-year.
▪GAAP gross margin was 78% for both periods. Non-GAAP gross margin was 82% for both periods.
▪GAAP net loss per basic and diluted share was $0.22 on 201 million shares outstanding compared to $0.13 on 196 million shares outstanding in the same period last year.
▪Non-GAAP net income per diluted share was $0.44 on 206 million shares outstanding compared to $0.47 on 208 million shares outstanding in the same period last year.
▪Net cash provided by operating activities was $120.9 million compared to $177.7 million in the same period last year.
▪Free cash flow was $105.5 million compared to $161.7 million in the same period last year.
▪Cash, cash equivalents, restricted cash and investments were $1,129.6 million at the end of the quarter.
This is what I show..
EPS (0.35) (0.49) 2.55 2.68
I think it's interesting. They actually make money, do they not?
I show them at
eps and sales @
.44 and 622.2 M
.57 and 645.5 M
.65 and 659.6 M
.72 and 661.4 M
That's accelerated earnings and sales
They have gone from 511.8 million in sales to 661.4 in 8 quarters. Not spectacular growth... but not death at all.
It's been in a consolidation for 108 days. Floating like a dead fish between 46.80 and 60 for most of that. MS has it's pivot at 69.45 which is a wee bit off from here and I like to be in them long before IBD thinks it's a good idea anyway. I don't follow their wait for a breakout because that's just not me. I like to build into it before that happens.
I'm very interested in it. I think with time it will make a good investment. But I hate fall and fall is coming. I'm still tracking that 44.40 gap wondering if Novembers smack down will supply that opportunity?
How this company managed to screw up whatever they had going is beyond my comprehension.
I'm sure not interested in bottom fishing here.
DocuSign Launches New AI-Powered ID Verification Solution
PR Newswire
Tue, July 25, 2023 at 6:00 AM MDT·3 min read
https://finance.yahoo.com/news/docusign-launches-ai-powered-id-120000316.html
New DocuSign feature applies AI to live video selfies to make process more convenient & prevent identity spoofing and deep-fakes
SAN FRANCISCO, July 25, 2023 /PRNewswire/ -- DocuSign (NASDAQ: DOCU) today announced the launch of its enhanced identity verification offering, Liveness Detection for ID Verification. Part of DocuSign's Identify portfolio, this new feature uses artificial intelligence (AI)-enabled biometric checks to confirm signers are who they say they are, are physically present at signing and that their IDs are valid.
Identity verification is essential to establishing a trust relationship. Traditionally, it has been a cumbersome, in-person process. Using Liveness Detection for ID Verification, businesses can now easily, securely and remotely prevent the use of fake documents and the use of deep fakes or pre-recordings, as well as prevent identity spoofing. The global solution provides a critical capability for companies adopting identity-proofing as part of their onboarding workflows that improve trust, compliance and simplify the user experience. AI-enabled Liveness Detection for ID Verification delivers on our commitment to provide a secure intelligent agreement process.
"At DocuSign, we don't believe in the false trade-off between either efficiency or risk," said Inhi Cho Suh, DocuSign President of Product & Technology. "We're infusing our entire product suite with AI to provide global customers with frictionless experiences that are smarter, easier and more trusted. Liveness Detection for ID Verification applies the power of artificial intelligence to live video selfies to provide the equivalent of face-to-face security without the inconvenience of showing up in person."
Developed in partnership with Onfido, a global leader in automated identity verification, the new feature is tightly integrated with DocuSign's popular eSignature workflow, eliminating the need for users to use multiple platforms to complete secure agreements. The feature applies AI to live video selfies – taken by signers – to confirm that the signer taking the video matches the photo on their ID and that the face on the provided ID and the face in the selfie video match. Liveness Detection for ID Verification also confirms that there has been no spoofing detected, that the user was not using a fake webcam or an emulator, and that the signer is physically present at the time the video selfie was taken.
"With instances of identity fraud on the rise, it's never been more essential for businesses to ensure that their online customers are who they say they are," said Mike Tuchen, Chief Executive Officer of Onfido. "We're excited to partner with DocuSign, which aligns with our goal of preventing fraud while simplifying the identity verification process for organizations across the globe."
This enhancement to DocuSign's ID Verification solution is another step in the company's use of AI to strengthen its suite of agreement products. DocuSign recently announced the launch of Agreement Summarization, enabled by an integration with Azure's OpenAI Service, which simplifies the document review process by using AI to automatically surface the most critical components of a document, enabling signers to get a better grasp on key information in their agreement before they sign. This allows them to make more informed decisions faster, saving time in the review process.
Pricing and Availability: Liveness Detection for ID Verification is available globally and is offered to all existing ID Verification or ID Verification Premier customers.
About DocuSign
DocuSign redefines how the world comes together and agrees, making agreements smarter, easier and more trusted. As part of its industry leading product lineup, DocuSign offers eSignature, the world's #1 way to sign electronically on practically any device, from almost anywhere, at any time. Today, over 1 million customers and more than a billion users in over 180 countries use DocuSign products and solutions to accelerate the process of doing business and simplify people's lives. For more information visit http://www.docusign.com.
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