Fenwick represented DocuSign (NASDAQ: DOCU), a digital document management platform, in its $38 million acquisition of Liveoak Technologies. The news builds on the companies' existing partnership, where DocuSign eSignature is integrated with Liveoak's secure agreement-collaboration platform. Liveoak uses web-based videoconferencing, rich collaboration features, identity verification and other tools to help complete an auditable transaction remotely—and it counts some of the world's largest financial institutions as customers.
This acquisition will enable both companies to expand their existing partnership and accelerate the launch of DocuSign Notary, a new product in the Agreement Cloud suite that focuses on remote online notarization (RON)—where audio-visual technology is used to complete a notarial act when the signers and the notary public are in different places.
More information about the acquisition can be obtained from the company’s announcement.
The Fenwick transaction team included corporate partners David Bell and Ethan Skerry and associates Chris Gorman, Meredith Evancie and Joanna Xu; executive compensation & employee benefits partners Scott Spector and Elizabeth Gartland and associate Sarah Ghulamhussain; technology transactions and intellectual property partner Stephen Gillespie and associates Joseph Schenck, Jennifer Bush and Andrew Martinez; privacy & cybersecurity of counsel Hanley Chew and director Brent Hoard; and tax partner Larissa Neumann and associate Ora Grinberg.