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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.

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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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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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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.

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Using Generative AI to Drive Corporate Impact

TechEmpower - Information Technology

TechEmpower has been instrumental in developing chatbots like these, utilizing generative AI to sift through internal documents and user manuals, enabling them to provide precise answers to customer service questions. This not only speeds up hiring but also lowers the costs associated with lengthy recruitment cycles.

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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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Tech News Roundup April 11

CTOvision

The following are some of the hot topics we are tracking in the technology ecosystem: Technology Ticker. Lanvera chosen as document outsourcing partner of Texas Tech Federal Credit Union for rich online and print member. Awarded $25M Contract from GSA to Provide Agile Services. CUinsight.com (press release).

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