DocMagic, Inc. [1], a provider of compliant loan document preparation and eSign and eDelivery solutions, announced its acquisition of electronic software solutions firm eSignSystems [2] from WAVE Systems Corp.
The acquisition adds a new set of offerings to DocMagic's suite of products, including eSignSystems' SmartSAFE, a solution that enables the eDelivery, eSigning, and life-cycle management of electronic records. Also included are SmartIDENTITY, a solution for validating signers in real-time, SmartFORMS, a solution for generating proper and personalized forms, and SmartCLOSE,a solution for simplifying the MERS eRegistry Integration.
As part of the deal, DocMagic will bring on eSignSystems' entire management team, including Kelly Purcell, co-founder and EVP of sales and marketing, and Jonathan Kearns, SVP of technology solutions.
With the addition, DocMagic says it is now the "undisputed leader in eSign and eVaulting solutions."
"The acquisition of eSignSystems by DocMagic is a marriage of extraordinary talented and visionary people with incredible SaaS and on-premise products and services," said Dominic Iannitti, president and CEO of DocMagic. "By combining the best of eSignSystems on-premise software with DocMagic's SaaS solutions, eSignature patent, compliance and enterprise infrastructure, there is no question that this acquisition was meant to be. Simply put, we are just better together."
For her part, Purcell said she is "elated about the DocMagic acquisition of eSignSystems."
"Combining the in-depth industry experience of both DocMagic and eSignSystems gives our collective customers and partners business model choices with enterprise level expertise in both on-premise and SaaS electronic solutions," she said. "During the acquisition process, we experienced firsthand the commitment from DocMagic ensuring the success and prosperity of our customers through its continued support of innovative 'first-to-market' robust technologies, and excellence in customer service."