Electronic signature software company DocuSign on Wednesday filed paperwork to go public on the Nasdaq under the symbol DOCU, showing revenue growth of more than 50 percent from 2016 to 2017 while decreasing losses.
DocuSign's technology is integrated in applications from companies like Google, Oracle, Salesforce and SAP. The company's primary competitor is Adobe, which acquired EchoSign in 2011, according to the S-1 filing the company registered with the U.S. Securities and Exchange Commission. DocuSign said it also competes with "a select number of niche vendors that focus on specific industries or geographies."
The company narrowed its losses in the year that ended on Jan. 31, 2017. DocuSign ended that year with a $115.4 million net loss on $381.5 million in revenue. In the prior year the net loss was $122.6 million on $250.5 million in revenue.