Formstack Acquires Electronic Signature Software, InsureSign
Leader in Workplace Productivity Expands Document Management Capabilities and Increases Focus on Insurance and Finance Markets
Formstack, a software-as-a-service (SaaS) company with a mission to transform the way people collect information and put it to work, announces the acquisition of Charleston-based eSignature software provider, InsureSign.
With the acquisition, Formstack further enhances its workplace productivity platform to allow users to easily and securely get documents signed electronically from anywhere on any device without the need for a third-party product. Formstack will immediately begin incorporating native eSignatures into its platform through an integration with WebMerge, which Formstack also acquired in April 2019. All InsureSign employees will be joining the Formstack team, and existing InsureSign customers will not see a change in service.
“Formstack helps users capture data and put it to work, and we know users are increasingly looking to end-to-end, do-it-all platforms to power their workflows,” said Chris Byers, CEO of Formstack. “This acquisition will allow our users to capture data, manage it, create documents and secure signatures electronically without needing to leave the application or cobble together integrations.”
Founded in 2011 by Joe Floyd, InsureSign has tens of thousands of users across industries, including insurance, healthcare, banking, real estate and business services. This acquisition deepens Formstack’s product lineup in these fast-growing markets. For example, InsureSign’s platform integrates with leading insurance agency management systems, including Applied Epic, QQCatalyst and HawkSoft. Additionally, InsureSign has been the top-rated eSignature software on G2 for five consecutive quarters.
“Thousands of companies have embraced modern, web-based workflows for capturing data and creating documents, only to print them out to be signed, scanned back into a database and shredded,” said Joe Floyd, Founder and CEO of InsureSign. “Together, Formstack and InsureSign will eliminate the time and money spent on outdated, inefficient and wasteful processes.”