DocuSign announced today that it's capitalizing on its May acquisition of transaction management platform provider Cartavi by bundling DocuSign for Realtors eSignature service with Cartavi Transaction Rooms.
The new bundled solution lets users collaborate and manage all aspects of real estate deals, the company said. Used in conjunction, DocuSign and Cartavi eliminate the need for printing, faxing, scanning or driving across town to get signatures. Cartavi Transaction Rooms streamline collaboration by allowing agents to manage, share and e-sign documents wherever they are.
"DocuSign and Cartavi help real estate professionals deliver exceptional experiences for their clients," said Cartavi c0-founder Glenn Shimkus, who is now DocuSign's head of transaction management technology, in a statement. "Our bundled transaction room and eSignature solutions help close deals faster by offering secure convenience to leverage the industry's leading document collaboration tools and eSignature transaction management solutions."
Chicago-based brokerage Baird & Warner Real Estate Inc. said today it has signed an agreement with DocuSign to provide all of 1,500 of the company's associates with a "pro" version of the bundled transaction management platform by the end of the year.
DocuSign was recently named the exclusive eSignature partner to the 80,000 members of The Realty Alliance, and the 105,000 members of the Leading Real Estate Companies of the World. The company has also been endorsed by the Texas Association of Realtors for its 80,000 members, and established an approved supplier relationship with the Canadian Real Estate Association for its 105,000 members for the DocuSign for Real Estate version.
The National Association of Realtors owns a stake in DocuSign through its venture capital fund, Second Century Ventures LLC. In 2009, Second Century Ventures purchased a 5.43 percent stake in DocuSign for $2 million. NAR acquired 2.26 million shares of stock in the deal, plus options to purchase an additional 1 million shares within the next five years for 88.3 cents per share.
Last year, DocuSign was integrated into zipForm, the electronic forms software from zipLogix LLC, which is owned and run by a wholly owned subsidiary of the California Association of Realtors. NAR has held a 30 percent stake in zipLogix since 2001. ZipForm was integrated into Cartavi last month.