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Venture-backed document workflow vendor AirSlate is acquiring privately held PDF editor and document signing platform DocHub in a deal announced today. The financial terms of the deal are not being publicly disclosed.
The acquisition comes just over a month after AirSlate raised $51.5 million in a series C round of funding on June 16. The company’s technology platform provides a series of no-code document workflows that benefit from robotic process automation (RPA) and artificial intelligence (AI) to help improve productivity.
DocHub provides an online platform integrated with Google Workspace that enables organizations to edit and sign PDF documents.
“DocHub actually fits in really nicely with our other automation offerings like no-code RPA,” Borya Shakhnovich, cofounder and CEO of AirSlate, told VentureBeat. “DocHub is the most widely used PDF editing and e-signature solution on the Google Workspace marketplace, and our customers will be able to take advantage of that capability once the integration is complete.”
The challenges and opportunities of workflow automation
The market opportunity for workflow automation and e-signature tools is competitive.
Among the large vendors in the space is Adobe with its Adobe Sign capabilities, as well as DocuSign, which has been growing its business lately, including investments in AI software.
Shakhnovich noted that he absolutely sees DocuSign in competitive deals, though he doesn’t see Adobe nearly as often. AirSlate’s focus is more on the mid-market and helping companies with digital transformation efforts for document workflow, while still supporting an organization’s existing processes.
For example, while it might seem outdated to some, there are many organizations that still rely on fax technology for data transmission. To that end, AirS …