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Docusign to acquire Lexion for $165M in exit for Seattle-based AI contract management company

GeekWire

(GeekWire Photo / Kevin Lisota) Docusign announced an agreement to acquire Lexion for $165 million, signaling plans to integrate the Seattle-based company’s AI-powered contract management technology into its Intelligent Agreement Management Platform.

CTO Hire 134
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Oracle touts AI as major driver of Q3 gains

CIO Business Intelligence

The report for Q3 of fiscal 2024, released yesterday, said that Oracle had signed multiple large-scale cloud infrastructure contracts in the previous three months, with no end in sight, as CEO Safra Catz touted the company’s bright prospects in cloud. “We

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What is a CTO? The exec who sets tech strategy

CIO Business Intelligence

What is a CTO? The chief technology officer (CTO) is the senior executive who focuses on the technological requirements, opportunities, and challenges within an organization. What does a CTO do? What does a CTO do? Years ago, the CTO most often led the infrastructure function.

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Serial entrepreneur Gaurav Oberoi strikes again: Lexion’s sale to Docusign shows methodical approach to building startups

GeekWire

” Diligent discernment From left: Lexion CTO and co-founder Emad Elwany; CEO and co-founder Gaurav Oberoi; and Chief Legal Officer Jessica Nguyen. Oberoi made hundreds of calls to lawyers, paralegals, contract managers, consultants, and various other stakeholders. . “That social validation felt good.

CTO Hire 120
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CIOs rethink all-in cloud strategies

CIO Business Intelligence

“‘Cloud exit’ became a big theme in 2023 and there’s good odds it’ll turn into a real trend for 2024. The savings are just too big to ignore for a ton of companies,” says David Heinemeier Hansson, the Danish developer of Ruby on Rails and co-owner and CTO of 37signals, which completed a six-month total exit from the cloud last June.

Strategy 143
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Top 10 barriers to strategic IT success

CIO Business Intelligence

In fact, CIOs listed numerous roadblocks to IT strategic success in the 2024 State of the CIO Study from Foundry, publisher of CIO.com. Upskilling takes time, and contracted workers aren’t usually as close to the business as employees. growth rate, which resulted in about 117,000 net new hires.) Last year saw a 1.2%

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CIOs grapple with the ethics of implementing AI

CIO Business Intelligence

What they are finding is that the line between advancing technologically and ensuring AI doesn’t result in detrimental outcomes is thin. We intend to implement it in Q1 2024.” As LIUNA expands AI use cases in 2024, “this gets to the question about how we use AI ethically,” he says.

CTO Hire 128