DocuSign has entered into an agreement to acquire the IP rights and hire employees from Seattle-based machine learning and data platform startup, Appuri. DocuSign will now integrate Appuri’s machine learning and artificial intelligence technology directly into its platform says the company. Appuri’s products will no longer be sold separately.
Under the terms of the deal, DocuSign acquired a license to Appuri’s source code, along with the rights to advance the technology independently. The majority of Appuri’s team – including the founders, Damon Danieli and Bilal Aslam – will join DocuSign’s product development group.
The deal resulted from a pilot project that DocuSign and Appuri had been running together over the past few months, said the companies in a statement.