Digital transaction management service DocuSign says it has signed a definitive agreement to acquire the Trusted Documents and Transactions (TDT) division of identity-based solution provider OpenTrust. Financial terms of the deal haven’t been disclosed but DocuSign chief executive Keith Krach tells VentureBeat that all 60-plus members of the TDT team will be joining the company.
With the addition of OpenTrust’s TDT team, DocuSign wants to rapidly grow its business and will leverage the technology to help accelerate adoption of its digital transaction management solution in the European Union.
“As the market leader in France, OpenTrust offers a high performance team, strong customer focus, world class EU-accredited technology, and deep market expertise,” says Krach in a prepared statement. “We’re delighted to have OpenTrust’s customers, partners and employees join The DocuSign Global Trust Network.”