Georgian Partners makes it more convenient for investors to close the deal with eSignLive’ eSignLive

January 18, 2011
Montreal, QC, January 19, 2011- Silanis Technology, the e-signature provider for 21st Century, Liberty Mutual and the US Army, today announced that Georgian Partners, a Canadian growth equity investment firm, now makes it easier and more convenient for investors to close business deals. Georgian Partners use Silanis’ e-SignLiveTM online e-signature services to complete high-value investment transactions over the web.

“When you’re dealing with large investments, the importance of signing contracts quickly and efficiently is paramount,” said John Berton, co-founder and managing partner of Georgian Partners. “We were impressed with just how convenient and easy it was to sign contracts electronically using e-SignLiveTM, even though there were multiple parties and documents involved.”

In a global economy where investors frequently travel, returning signed documents on time in order to meet rigid regulatory or contractual deadlines can be a challenge - especially when there can be as many as 40 parties involved and people need to gain access to a printer, scanner or fax machine.

“These are extremely time-sensitive documents. We often have only one day to meet the deadlines set down by regulatory bodies or by our own business negotiations,” said Berton. “It used to take quite a bit of time to manage the signing process, and make sure that everyone reviewed the appropriate documents and signed correctly.  ”

Previously, the process for signing off on a new investment purchase was very time-consuming. Documents, such as new shareholder and investment agreements, non-disclosure agreements or purchase of sale contract would be emailed to all parties, along with their signatory sheets, who would then need to print them off, sign them by hand, and then either scan them or fax them back to Georgian Partners and its lawyers for verification and collation. Using e-SignLiveTM, Georgian Partners’ investors can now easily and securely review and sign documents over the web from any mobile device. Georgian Partners can also easily monitor the whole signing process virtually, saving them both time and legal fees.  And because e-SignLiveTM records the entire web-based signing process from start to finish, including all web pages and documents that were presented to the signees, along with how long they spent reviewing the information, and all actions that were taken, Georgian Partners captures and is able to reproduce stronger audit trail information and legal evidence than was possible when they were using pen and paper signatures. “There was absolutely no hesitation around electronically signing off on a transaction worth millions of dollars. We plan to use e-SignLiveTM for all future transactions.” Silanis’ e-SignLiveTM is a subscription-based cloud service, which is integrated with the IBM LotusLive platform to combine electronic signature capabilities with online collaboration and business networking. Its e-SignRoom component enables multiple documents to be reviewed and signed electronically by multiple people, while also giving business process owners real-time visibility into time-sensitive e-signing activities in order to monitor who has signed what documents and when.

About Georgian Partners Georgian Partners is as growth equity firm investing in expansion and later stage enterprise software and information aggregation companies. Founded by successful entrepreneurs and technology executives, GP leverages global software expertise to directly impact the success of companies.

About Silanis Silanis' solutions have processed hundreds of millions of e-signatures since the company was founded in 1992 (50 million in 2010 alone), making it the most widely used e-signature solution. The world’s largest insurance and financial services companies, government agencies, and service providers depend on Silanis to accelerate business transactions and reduce costs while improving compliance with legal and regulatory requirements. The company’s on-premise, cloud and SaaS e-signature solutions eliminate manual, paper-based processing to enable e-commerce and e-government transactions to be executed fully electronically from start to finish.