Docusign Update: Government Acceleration

Docusign stock has gone sideways since our initial work almost a year ago, underperforming the market, yet on reviewing the company we are convinced DocuSign's positioning is unique, growth drivers remain strong and there is incremental positive news in the government space. 

Why now:

Over the past 12 months, there appears to be increased urgency in the US government to reduce cost and improve service through digitisation.The IDEA Act 2018 passed in December 2018 has clear deadlines for accelerating paperless forms and use of electronic signatures. Details are expected this month on plans from the various federal departments.

DocuSign impact:

Government has a major opportunity to digitise to improve service as well as save costs at high ROI. Potentially worth hundreds of millions in revenues for DOCU and could happen within the next 3 years.

Link to note