Latest news with #AllanThygesen
Malaysian Reserve
4 days ago
- Business
- Malaysian Reserve
Docusign plans Australian data centre, answering national push for digital sovereignty and data security
Local innovations include the launch of AI Contract Agents and a new integration with IDVerse SYDNEY, Aug. 13, 2025 /PRNewswire/ — Docusign (NASDAQ: DOCU), the Intelligent Agreement Management company, has today announced the upcoming plans for a local data centre, slated in the fourth quarter of this year. This strategic expansion will provide Australian customers with faster access to Docusign's suite of end-to-end agreement solutions, enhanced performance and reliability – and offers customers the ability to store and process their agreement data within Australia, and to support customer compliance needs under local privacy laws and industry regulations. The new data centre will host its Intelligent Agreement Management platform (IAM), empowering organisations across the public and private sectors to keep critical data onshore while accelerating their digital transformation ambitions. Allan Thygesen, CEO of Docusign, said: 'Regulated Australian businesses and government agencies are asking for strong data protection and compliance as they increasingly move to digital platforms. Our local data centre will give customers greater confidence that their information is secure and managed according to local standards, while enabling them to access innovation and productivity gains faster than ever before.' Agreement management has long hindered business growth through fragmented tools and inefficient processes. Deloitte identifies poor agreement management as a A$3.13 trillion problem, with new research showing 77% of high-performing organisations attribute their success to mature, AI-enhanced contract management systems. With poor agreement management impacting Australian businesses, the launch of the Australian data centre marks just one aspect of Docusign's commitment to innovation. Today it has also unveiled significant enhancements to its Intelligent Agreement Management (IAM) platform, introducing AI agents and an integration with IDVerse – a trusted identity verification method. AI Contract Agents: A Smarter Way to Manage Agreements End-to-EndIn Australia, Docusign is introducing the industry's first purpose-built AI contract agent designed to accelerate workflows, reduce risk, and achieve better outcomes across the entire agreement lifecycle. Instead of contracts sitting in a queue waiting for manual review, Docusign AI contract agents can analyze agreements in seconds, flag risks, and surface issues requiring human expertise — transforming administrative bottlenecks into streamlined workflows that unlock opportunities for growth. IDVerse Docusign's integration with IDVerse's Digital ID service is a significant advancement for the Australian and New Zealand (ANZ) market, delivering a powerful solution for identity verification (IDV). This partnership will enhance the Docusign platform by embedding a trusted identity verification method directly into the digital agreement workflow for use across every organisation and industry. 'Last year Docusign made a major pivot from being an electronic signature company to launching a new AI contracting platform, Intelligent Agreement Management. Since then, IAM has become the fastest growing product in our company's history. With it we've created purpose-built AI that understands the language of agreements like nothing else in the market. It's a leap forward in business technology that helps organisations reclaim lost value by transforming agreements into strategic levers for growth, risk mitigation, and smart decision making. Now with AI contract agents and IDVerse, we're taking that potential even further, bringing automation to the entire agreement management process,' added Thygesen. To find out more about Docusign's latest agreement management solutions, visit here. About DocusignDocusign brings agreements to life. Over 1.7 million customers and more than a billion people in over 180 countries use Docusign solutions to accelerate the process of doing business and simplify people's lives. With intelligent agreement management, Docusign unleashes business critical data that is trapped inside of documents. Until now, these were disconnected from business systems of record, costing businesses time, money, and opportunity. Using Docusign's IAM platform, companies can create, commit, and manage agreements with solutions created by the #1 company in e-signature and CLM. Learn more at Media Relations ContactStephen MaherPR Aprille LimSenior Account DirectorSefianialim@ Photo – – View original content:
Mint
08-06-2025
- Business
- Mint
How Docusign is modernizing the age-old business contract
When Allan Thygesen became CEO of Docusign in 2022, the company's stock was on a steep down-ramp after a nearly two-year rally. Shares of the digital agreements company's surged during the Covid-19 pandemic, peaking at $310. 'A lot of companies had overbought licenses," Thygesen told Barron's editor at large Andy Serwer in an interview for the At Barron's video series. As the pandemic cooled, some businesses' needs for virtual contract signing went away, he explained, adding, 'Of course, that is very disruptive inside the company." Thygesen, who joined Docusign after more than 10 years at Google, worked to turn things around. In the summer of 2023, a solution was conceived: implementing artificial intelligence assistance into the digital agreements workflow. Docusign started integrating its intelligent agreement management in early 2024 and rolled out an AI contract agent in April. Thygesen said Docusign now has about $3 billion in revenue from the 1.7 million businesses, nonprofits, and government organizations that pay monthly for its services. Ninety-five percent of Fortune 500 companies use Docusign, according to Thygesen. 'Docusign is probably the best-known company in signatures," Thygesen said. 'Most people regard Docusign as the gold standard for signing documents." In conversation with Serwer, Thygesen detailed the company's AI agent and how it is changing the business. Below are some highlights from their interview, which have been edited and condensed for clarity. Barron's: Some people might think of your company as a one-product company, but I bet you don't think of it that way. Allan Thygesen: We don't. But it's not unfair to say that we are so identified with our product category. As a result, we have built a tremendous amount of trust that over the years we've extended to other moments in the journey. An agreement goes through a journey. You draft it, you negotiate it, you execute it, and then you manage it once it is executed. And we have, over time, added pieces of all those workflows. If you want to sell mass-customized agreements, we can do that. If you want to verify the identity of people who you are sending documents to, we can do that. But we never really put the whole thing together and we never put it on modern plumbing. So that is what I've been working on. We announced our new platform called intelligent agreement management last year. And now we're releasing the full suite with modern AI built in. How do you go through the Docusign agreements journey? We help you create templates of various forms of agreements. You can then customize it, maybe pulling in data from your other systems. That creates a tailored agreement that then goes to the other party. You can go back and forth, and when you see their edits, you can have the AI review whether you approve or disagree with their comments. Then you sign electronically, of course, with Docusign. And then the agreement goes to our intelligent repository, where now we can give you AI-assisted intelligence about everything in those agreements. When is my agreement up for renewal? What would I want to renegotiate next time around? What are things I want to keep an eye on? All those things we can extract out of the agreements and present them to you. How is the AI rollout going? It is the fastest-growing product in our company's history. I announced at a customer event that we have over 10,000 customers live with the product already, which is just an exceptional ramp for a new software product. And we keep building new functionality. This spring, we're announcing a whole suite of new functionality, including a contract agent—using AI to automate the end-to-end agreement workflow. Let's imagine your job is to review contracts with all your vendors. We can automate every step in that process: checking the vendor, whether something has changed with them. Checking the contract, whether it complies with your templates now. Automating the communication with the vendor. Every one of those steps, which normally would have been a separate workflow and step for a contract person or procurement person, can now be fully automated. How are humans integrated into that process? That will be a risk-adjusted thing. Maybe if you're negotiating an nondisclosure agreement, you'd let the [AI] system just run it because there is a standard set of rules. But if it is a complicated, high-value agreement, there would be both a review on the front end and maybe multiple reviews during the negotiation process. So it is really tailored; the system is flexible enough to let you use as much or as little automation as you want. There is a lot of talk about Washington policies impacting different businesses in different ways. What does that mean for Docusign? We have a very diversified customer base across all industries, so we aren't as exposed to individual industries that might suffer more in the case of short-term swings in trade. And to the extent the trade shifts between countries, that also doesn't have a huge impact on us. Obviously, if global trade really compresses, that wouldn't be great for the big companies that work with us that import or export a lot. We haven't seen any evidence of that yet, but that could happen. The uncertainty could impact the investment climate, and we are an investment for companies. So we will just have to see. But we are hopeful—I think all Americans should be, that the U.S. economy can continue to perform strongly. Final question. Why should someone buy or hold Docusign stock now? We have the benefit of being trusted, well positioned, having established distribution, and we have a vision that I think addresses a very large pain point. We worked with Deloitte, and they estimated that over two trillion dollars are lost globally every year to inefficient agreement practices and systems. That is a meaty problem to attack, and I think we are in the best position to do it. And I think we are delivering. There is some good early evidence that customers are adopting. So I think it is a good story.
Yahoo
07-06-2025
- Business
- Yahoo
Why DocuSign, Inc. (DOCU) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where DocuSign, Inc. (NASDAQ:DOCU) stands against other Friday's worst-performing stocks. DocuSign dropped its share prices by 18.97 percent on Friday to end at $75.28 apiece after slashing its full-year billing outlook amidst its shift to an artificial intelligence model. For the full year period, DocuSign, Inc. (NASDAQ:DOCU) now expects billings to settle in the range of $3.285 billion to $3.339 billion, down from its previous outlook of $3.30 billion to $3.354 billion. A software engineer in front of a computer screen, typing code to build the company's electronic signature software. According to DocuSign, Inc. (NASDAQ:DOCU) CEO Allan Thygesen, the decline in billings this year was expected due to 'foundational go-to-market changes' following the adoption of Intelligent Agreement Management, an AI-driven agreement platform. However, Thygesen said that 'the impact happened sooner than anticipated,' causing the drop in early renewals during the first quarter period, and negatively impacting billings growth. In the first quarter of the year, DocuSign, Inc. (NASDAQ:DOCU) achieved a 118-percent jump in net income to $72 million from $33 million in the same period last year. Revenues increased by 7.6 percent to $763 million from $709 million year-on-year. Overall, DOCU ranks 2nd on our list of Friday's worst-performing stocks. While we acknowledge the potential of DOCU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
07-06-2025
- Business
- Yahoo
How Docusign Is Modernizing the Age-Old Business Contract
When Allan Thygesen became CEO of Docusign in 2022, the company's stock was on a steep down-ramp after a nearly two-year rally. Shares of the digital agreements company's surged during the Covid-19 pandemic, peaking at $310. 'A lot of companies had overbought licenses,' Thygesen told Barron's editor at large Andy Serwer in an interview for the At Barron's video series.
Yahoo
06-06-2025
- Business
- Yahoo
DocuSign: Questions Around Growth Remain
DocuSign posted revenue and earnings growth, beating estimates. The company's free cash flow fell slightly, and its full-year forecast underwhelmed investors. DocuSign has steadied itself, but investors are not yet seeing clear answers to the question of how growth can accelerate from here. 10 stocks we like better than Docusign › Here's our initial take on DocuSign's (NASDAQ: DOCU) financial report. Metric Q1 FY25 Q1 FY26 Change vs. Expectations Revenue $709.6 million $763.7 million 8% Beat Earnings per share (adjusted) $0.82 $0.90 10% Beat Non-GAAP billings $709.5 million $739.6 million 4% n/a Free cash flow $232.1 million $227.8 million -2% n/a There was a lot to like about DocuSign's latest quarter. Revenue and adjusted earnings per share were up 8% and 10%, respectively, topping Wall Street expectations. GAAP (generally accepted accounting principles) gross margin came in at 79.4%, up 5 basis points from a year ago, and the company posted solid free cash flow of $227.8 million. DocuSign also surpassed the 10,000 Intelligent Agreement Management customer threshold during the period. Billings rose 4% in the quarter, but DocuSign warned that it expects momentum to fade as the year goes on. For fiscal 2026, DocuSign is now forecasting total billings of $3.285 billion and $3.39 billion, down from its prior guidance for $3.3 billion to $3.4 billion. The billings revision, though slight, highlights the biggest challenge facing DocuSign right now. The business is healthy and profitable, but investors are worried about where growth will come from. The company is forecasting full-year fiscal 2026 revenue of $3.15 billion to $3.16 billion, which, at the midpoint, would represent just a 5% gain from last year's $2.98 billion in total revenue. DocuSign is putting its cash to work for investors, announcing a new $1 billion repurchase program. But with the company's share count up nearly 6% in just the last three years, much of the buyback would only serve to offset share-based compensation that has added to the float. Investors were more focused on the look ahead than the results. DocuSign shares were down 15% in aftermarket trading following the release but ahead of the company's call with investors. CEO Allan Thygesen, who has been on the job since October 2022, called the results "an important quarter for Docusign's long-term transformation," highlighting the company's "ambitious product roadmap." Expect investors to press Thygesen for specifics about how the transformation is going and when it will translate into real, sustained growth. DocuSign invented its category and continues to hold strong in its core business, even up against competition from Adobe (NASDAQ: ADBE) and Microsoft (NASDAQ: MSFT), which can incorporate e-signatures into broader offerings. But Wall Street is forward-looking. Shares of DocuSign are up nearly 75% over the past year as an initial response to Thygesen's turnaround ambitions. Until investors gain confidence that DocuSign has found a formula to expand its core offering and generate significant revenue growth, the stock could face limits on its ability to accelerate higher from here. Full earnings report Investor relations page Before you buy stock in Docusign, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Docusign wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Lou Whiteman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe, Docusign, and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. DocuSign: Questions Around Growth Remain was originally published by The Motley Fool Sign in to access your portfolio
