TechStars Seattle grad Glider, a Portland startup developing tools to streamline the sales contract process at organizations, has been acquired in a deal of undisclosed size by Dallas-based FPX. It marks the second acquisition in the past two months of a Portland startup which graduated from the TechStars Seattle program, following the acquisition of Vizify by Yahoo last month.
The Gilder service allows small and large businesses to circulate contracts; receive manager approvals and get electronic signatures. The latter task is an area that DocuSign is playing, a juggernaut in the e-signature space which just raised $85 million.
Glider CEO Eli Rubel said the price is not being disclosed, but he added that employees and investors are e are “all very pleased with the financial outcome.”
Glider was backed by True Ventures, CrunchFund, TechStars and Portland Seed Fund. It raised $1 million last year.