Press release
DocuSign named a Leader in 2020 Gartner Magic Quadrant for Contract Lifecycle Management
Inaugural report places company highest for its ability to execute, and recognizes the company for its completeness of vision SAN FRANCISCO, Feb. 28, 2020
About this update from Docusign, Inc.
[{"type":"text","content":"Inaugural report places company highest for its ability to execute, and recognizes the company for its completeness of vision\n\n\nSAN FRANCISCO, Feb. 28, 2020 /PRNewswire/ -- Following its acquisition of contract lifecycle management (CLM) provider SpringCM in 2018 and the subsequent launch of its flagship DocuSign CLM solution, DocuSign (NASDAQ: DOCU) was today named by Gartner, Inc. as a Leader in the 2020 \"Magic Quadrant for Contract Lifecycle Management\"1 research report.\n\n \n \n\n \nDocuSign placed highest for its ability to execute and was also recognized for its completeness of vision.\nThis is the first time that Gartner has released a Magic Quadrant report for the CLM category, with 12 vendors rigorously evaluated across 15 criteria. \nThis news reflects the increasing importance that mid-market and enterprise organizations are placing on managing the lifecycle of their contracts. DocuSign believes it is also another milestone in the company's delivery on its Agreement Cloud strategy—that is, its ability to offer a broad suite of solutions that help customers around the world to prepare, sign, act-on and manage the agreements that are the very foundation of their business.\nAccording to Gartner, \"CLM solutions are software, installed on-premises or delivered as a service, that proactively manages contracts from initiation through award, compliance and renewal … CLM spans all processes associated with the life cycle of every contractual agreement … Following a discovery, uploading and extraction phase, the CLM workflow begins with a request and continues through the stages of authoring; redlining (negotiation); approval; execution; billing/fulfillment compliance; obligation management, auditing, monitoring and reporting; amendment, closure and renewal; and eventual archiving.\"\n\"Since announcing the DocuSign Agreement Cloud almost a year ago, we have worked tirelessly to ensure that our CLM solution offering is best-in-class,\" said Scott Olrich, chief operating officer at DocuSign. \"We have also listened closely to our customers so we can deliver solutions to their CLM challenges. We're proud that Gartner has named DocuSign a Leader in this Magic Quadrant and believe that the positioning reflects our commitment to CLM as a pillar product in the DocuSign Agreement Cloud.\"\nTo be a Leader, \"Leaders are in the s...