With the acquisition, Formstack further enhances its workplace productivity platform to allow users to easily and securely get documents signed electronically from anywhere on any device without the need for a third-party product. Formstack will immediately begin incorporating native eSignatures into its platform through an integration with WebMerge, which Formstack also acquired in April 2019. All InsureSign employees will be joining the Formstack team, and existing InsureSign customers will not see a change in service.
"Formstack helps users capture data and put it to work, and we know users are increasingly looking to end-to-end, do-it-all platforms to power their workflows," said Chris Byers, CEO of Formstack. "This acquisition will allow our users to capture data, manage it, create documents and secure signatures electronically without needing to leave the application or cobble together integrations."
Founded in 2011 by Joe Floyd, InsureSign has tens of thousands of users across industries, including insurance, healthcare, banking, real estate and business services. This acquisition deepens Formstack's product lineup in these fast-growing markets. For example, InsureSign's platform integrates with leading insurance agency management systems, including Applied Epic, QQCatalyst and HawkSoft. Additionally, InsureSign has been the top-rated eSignature software on G2 for five consecutive quarters.
"Thousands of companies have embraced modern, web-based workflows for capturing data and creating documents, only to print them out to be signed, scanned back into a database and shredded," said Joe Floyd, Founder and CEO of InsureSign. "Together, Formstack and InsureSign will eliminate the time and money spent on outdated, inefficient and wasteful processes."
This acquisition immediately follows Formstack's acquisition of WebMerge in April, Bedrock Data in February, and QuickTapSurvey in December 2018. For more information about Formstack, please visit www.formstack.com.
Formstack is a workplace productivity solution built to transform the way people collect information and put it to work. With its powerful data collection and process automation capabilities, Formstack reduces data chaos and solves important business problems. Founded in Indiana in 2006, Formstack is a remote-first company with employees who live and work all over the world. Recognized for its continual growth and positive company culture, Formstack is a regular honoree on the Inc. 5000 list of fastest-growing U.S. companies, and it has been named a best place to work in both Indiana and Colorado. Learn more at https://www.formstack.com.