Deutsche Telekom has invested in digital business services company DocuSign.
US-based DocuSign, which provides electronic signature technology and Digital Transaction Management (DTM) services, has 50 million users in 188 countries.
The agreement will help DT’s enterprise customers to eliminate printing, faxing, scanning and sending documents overnight, the company claimed.
The terms of the investment were not disclosed.
Reinhard Clemens, CEO of T-Systems and a Member of the Board of Management of Deutsche Telekom, said: “As a global standard for DTM, DocuSign is helping companies around the world accelerate business results while creating world-class customer experiences.
“Based on our strong European data protection and privacy principles, we invested in DocuSign to bring that same great experience to our customers so they can transact business 100 percent digitally – whenever and wherever convenient – with trust and confidence.”
DT joins companies including Google, Microsoft, Samsung and Telstra who have all invested in DocuSign.
The company said it had now raised more than $525 million (€463 million) in funding.
Keith Krach, Chairman & CEO of DocuSign, said: “Deutsche Telekom is transforming the industry and its business to enable consumers and companies around the world to transact anytime, anywhere, on any device.”
Last week, a report from management consultancy Arthur D. Little concluded that operators should give greater consideration to partnering with startup companies rather than procuring their services.