Formstack Acquires Agency-Focused eSignature Software InsureSign

Through the acquisition, the workplace productivity vendor expands document management capabilities and increases focus on insurance and finance markets.

(Image source: InsureSign homepage.)

Formstack (Fishers, Ind.), a workplace productivity vendor, has announced its acquisition of Charleston, S.C.-based eSignature software provider, InsureSign. Formstack characterizes the acquisition as further enhancing 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 says it will immediately begin incorporating native eSignatures into its platform through an integration with WebMerge, which Formstack also acquired in April 2019.

Chris Byers, CEO, Formstack.

Formstack reports that all InsureSign employees will be joining the company and asserts that 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,” comments Chris Byers, CEO, 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.”

Joe Floyd, CEO, InsureSign.

Founded in 2011, InsureSign has tens of thousands of users across industries, including insurance, healthcare, banking, real estate and business services. The acquisition is intended deepens Formstack’s product lineup in these fast-growing markets, according to the vendor. InsureSign’s platform integrates with prominent insurance agency management systems, including Applied Epic, QQCatalyst and HawkSoft.

Collaborating in Efficiency Gains

“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,” comment Joe Floyd, Founder and CEO, InsureSign. “Together, Formstack and InsureSign will eliminate the time and money spent on outdated, inefficient and wasteful processes.”

InsureSign announces integration with Applied Epic

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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