Founder: Tom Gonser
CEO: Keith Krach
Date launched: 2003
Funding: $203.5 million
Industries disrupted: Enterprise Technology, Software, Transportation
Disrupting: FedEx, Hewlett Packard, Xerox
Competitors: AlphaTrust, EchoSign, RightSignature
DocuSign adds 21st-century meaning to the phrase "Sign on the dotted line." The 11-year-old company offers cloud-based e-signature technology that lets users across a whole host of industries and professions sign and send documents securely online.
As the global standard in e-signatures, the San Francisco-based company's service reduces transaction times, increases security and reduces cost by eliminating the need for paper. Its 105,000-plus business customers comprise 48 million users in 188 countries, and DocuSign claims about 40,000 new users sign on every day.
FULL LIST: 2014 CNBC DISRUPTOR 50
Software company Adobe acquired DocuSign's main competitor, EchoSign, in 2011. Since its launch, DocuSign has raised more than $200 million in venture capital—including an $85 million round in March—reinforcing speculation that it is preparing for an IPO before the end of the year.
How did you come up with your big idea?
"All around me I saw companies leveraging technology to accelerate the speed of business. But when it came to ... a contract for buying or selling a home, documents from my financial advisor, or signing in at the doctor's office, there were no simple solutions."