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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 137
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Why Stories Work where Requirements Documents Fail - Social.

Social, Agile and Transformation

Why Stories Work where Requirements Documents Fail. In a traditional development practice, a product manager writes a long document describing the software requirements. Hopefully the document is diagram heavy, clear and concise. The developer then commits to this contract and does her best to complete it as specified.

Social 100
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More Good News In Federal IT from GSA (you will never see this on the front page of the Washington Post)

CTOvision

By Bob Gourley GSA quietly issued a press release that documents some very virtuous activity. This consolidation will lead to service improvements and cost savings and enable GSA to realize business improvements by providing technology that helps simplify the user experience. -IT Thanks GSA, keep up the good work. SUPPORTING QUOTE.

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Prophia, which extracts info from commercial real estate contracts, raises $10.2M

GeekWire

Prophia , a startup building a platform that scours and extracts key terms from commercial real estate contracts, raised $10.2 Prophia’s users can upload PDF contracts that are analyzed by its software. The company says its software has handled more than a million pages of documents across 1,800 locations. Cameron Steele.

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AI meets M&A: How these former management consultants are upending due diligence

GeekWire

Wokelo co-founders Saswat Nanda, left, and Siddhant Masson, both worked previously as management consultants. That’s the premise behind Wokelo , a Seattle-area startup co-founded by two former management consultants, Siddhant Masson and Saswat Nanda. ” Funding: The company, founded in 2022, has raised $1.5

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After tripling revenue in 2022, Lexion lands $20M to expand AI-powered contract management software

GeekWire

From left: Lexion CTO and co-founder Emad Elwany; CEO and co-founder Gaurav Oberoi; and Chief Legal Officer Jessica Nguyen. Lexion Photo) Lexion gained a foothold by using artificial intelligence to help legal departments manage contracts. But now it’s taking aim at a much larger vision.

CTO Hire 103
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InfoSec Policies and Standards: Some strategic context for those just diving into this world

CTOvision

Security policies need to be properly documented, as a good understandable security policy is very easy to implement. Version – A version number to control the changes made to the document. Legal experts need to be consulted if you want to know what level of encryption is allowed in an area. Implement policies.

Policies 268