Box to acquire SignRequest for $55m.

Box, an American internet company based in Redwood City, agreed to acquire SignRequest, a cloud-based electronic signature company, for $55m. "E-signature is a large, high-growth market. With less than one-third of organizations deploying digital authorization because of cost barriers and legacy solutions, work is slowed down by paper-based signatures. Over 100k customers already use our platform to power the way they work, and we believe that by making electronic signature capabilities native to our core offering with Box Sign we will drive incredible value for our customers -- speeding up and simplifying workflows, lowering security and compliance risk – while cutting costs," Varun Parmar, Box Chief Product Officer.