DocuSign acquires transaction management platform Cartavi

Don't miss Hacker Connect SF
Dive into the latest Technology affecting RE, July 17, 2018

Less than a year and a half after the firms partnered to integrate their services, DocuSign has acquired transaction management platform Cartavi.

Thanks to the existing partnership, the two services will be available from day one of the purchase, but users will be able to access them with just one username and password, and bill, said Tom Gonser, founder and chief strategy officer of DocuSign.

“It’s the most flexible and mobile-enabled transaction management system out there,” Gonser said of DocuSign’s decision to buy Chicago-based Cartavi, which is changing its name to “Cartavi, a DocuSign Company.” Details of the deal were not disclosed.

Currently, Gonser says 100,000 agents use DocuSign, which is available to Realtors at a discount since NAR took a stake in the 4-year-old company in 2009.

“Our mission when we established Cartavi was to fundamentally improve outdated and hard-to-use real estate transaction management technology,” said Glenn Shimkus, CEO and co-founder of Cartavi, in a statement.

Cartavi, which will maintain its offices in Chicago, has Android and iOS apps and facilitates transactions even with users who are not part of the system, Shimkus said.

Someone not using Cartavi can fax a document right into the Cartavi platform of a member, for example, which is an adaptability that contributed to DocuSign’s interest in buying the company, Gonser said.

The acquisition for DocuSign deepens its relationship with Realtors. In August, the firm partnered with the Realtor-owned maker of electronic forms zipLogix. On Tuesday, zipLogix rolled out a beta version of its latest zipForm software, which is used by more than 600,000 Realtors.