MATH Venture Partners is pleased to announce that Liveoak Technologies, Inc., a MATH portfolio company, has been acquired by DocuSign, Inc. (NASDAQ: DOCU). DocuSign plans to continue offering Liveoak’s existing and integrated virtual collaboration solutions as well as introduce DocuSign Notary later this summer. Read the full press release here.
Liveoak started in 2014 by offering financial institutions a secure way to confirm the identity of customers transacting business remotely. Today, Liveoak is an enterprise cloud platform enabling its global customers to engage and transact business virtually with bank-grade security. The platform provides best-in-class video conferencing, screen-sharing and data/ID capture with forms collaboration and e-signature capabilities.
MATH Venture Partners made our first investment in Liveoak in 2016 and made a follow-on investment in 2017. We are excited for the opportunity this creates for the Liveoak team members and the impact the acquisition will have on DocuSign’s offering.
Congratulations to CEO Tim Ramza, founders Andy Ambrose and Pete Rung, and the entire Liveoak team.