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Adobe Systems announced that it has acquired EchoSign, a Web-based provider of electronic signatures and signature automation.

Adobe officials said EchoSign s electronic signature solution will be a key component of the company’s document exchange services platform for reliably exchanging documents for universal access, review and approval, in a press release on the acquisition. Adobe did not disclose the financial terms of the deal.

EchoSign’s solution supports more than 3 million users, Adobe said. The solution will be offered as part of Adobe’s online document exchange services platform and will be integrated with other Adobe document services, including SendNow for managed file transfer, FormsCentral for form creation and CreatePDF for online PDF creation.

"Adobe’s document solutions help organizations turn inefficient, paper-based workflows into streamlined electronic ones," said Kevin Lynch, vice president and general manager of Acrobat Solutions and Digital Enterprise Solutions at Adobe, in a statement. "By adding electronic signature capabilities to Adobe’s document exchange services platform, we will be addressing the need to provide better customer experiences by significantly reducing the time, cost and complexity associated with having a document signed."

To read the original eWeek article, click here: Adobe Acquires EchoSign for Electronic Signature Solution