docusign documentElectronic signature powerhouse DocuSign is expanding in Europe, announcing that it has signed a definitive agreement to purchase OpenTrust’s Trusted Documents and Transactions Division. Financial terms were not disclosed. The deal is expected to close in the fourth quarter.

“DocuSign and OpenTrust have been great partners for several years,” said DocuSign CEO Keith Krach in a press release.  “As the market leader in France, OpenTrust offers a high performance team, strong customer focus, world class EU-accredited technology, and deep market expertise.”

VentureBeat reports that about 60 employees from OpenTrust’s team will join DocuSign as part of the deal.

The announcement of the acquisition follows massive fundraising by DocuSign, which earlier this year raised $45 million. In total, DocuSign has raised more than $508 million over its 12 years.

The company is based in San Francisco, but retains a large presence in Seattle where it was founded. It has more than 100,000 customers in 188 countries. OpenTrust customers include AMF, Banque Populaire, BNP Paribas, Boursorama Banque, Bridgestone, CNP Assurances, Crédit Agricole, Crédit Mutuel, Renault and others.

Editor’s note: DocuSign founder Tom Gonser will speak at this year’s GeekWire Summit, taking place Oct. 1-2 at the Sheraton Seattle. 

 

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