Lorenzini to Lead Biodiesel Startup

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Serial entrepreneur leaves DocuSign with strong leadership team in place.

All of us at DocuSign appreciate Court for his vision, energy and passion in co-founding DocuSign

DocuSign, the leading Web-based electronic signature service, today announced that co-founder and former Chief Executive Officer Court Lorenzini is leaving the company to become CEO and a co-founder of Seattle-based startup Rainier Energy Corporation. Lorenzini’s departure represents the conclusion of a planned transition of company leadership to Matthew J. Schiltz, who took over as President and CEO one year ago.

A locally known serial entrepreneur and startup specialist, Lorenzini played a critical role in developing, funding and commercializing DocuSign’s Web-based eSignature service.    

“All of us at DocuSign appreciate Court for his vision, energy and passion in co-founding DocuSign,” said Schiltz. “I want to personally thank Court for his role in ensuring a smooth transition during a critical juncture in the company’s rapid development. In the past year alone we saw signature events increase from 1 million to over 6.8 million and sales jump by over 400 percent. This is in large part due to the foundation that Court provided. I wish him great success in his new endeavor.”

Lorenzini founded DocuSign in 2003 together with Tom Gonser, who continues with the company as Vice President, Product Strategy. DocuSign has since gone on to help thousands of successful companies, including some of the world’s largest corporations, close deals in record time, improve profitability, streamline business processes, and increase customer satisfaction by using electronic signatures.

DocuSign’s customers include two Fortune 10 companies, as well as Amica, Fidelity National Financial, Great Lakes Educational Services, Land America, Sony, Weyerhaeuser, Worldspan/Travelport and Yamaha, among other leading companies. DocuSign’s customers have successfully abandoned or greatly reduced their use of paper, printers, fax machines and overnight mail services by eliminating the need to collect wet-ink signatures.

At Rainier Energy, Lorenzini will be returning to his leadership roots and following a long-held passion to help society identify sustainable and renewable energy sources. The company, which plans to launch publicly next month, is developing solutions that will increase the profitability of existing agricultural companies by putting them into the biodiesel business. The new role will tap Lorenzini’s significant experience as a startup CEO as well as his education in mechanical engineering (Duke University) and manufacturing systems engineering (Stanford University).

“Without question, DocuSign has been one of the highlights of my career,” said Lorenzini. “It’s extremely gratifying to see the company grow from nothing more than a big idea to the point where DocuSign is the market leader with over 1,800 corporate accounts and over 300,000 users. But my passion is in the early startup phase, and at Rainier Energy I have the chance to do it over again with the confidence that DocuSign is in very good hands.”

About DocuSign:
DocuSign offers a Web-based electronic signature service that provides the simplicity, speed and security required to electronically sign and store documents. Designed from the ground up for enterprise-class usage, this service integrates the technical infrastructure and legal compliance needed to operate an end-to-end electronic signing service that replaces the old pen and paper process. DocuSign customers span a variety of industries and range from the largest corporations to the smallest branch offices. These customers trust DocuSign to help them achieve increased revenue and sales close rates, decreased costs, and acceleration in business velocity. DocuSign also offers a direct positive impact on our global environment by reducing paper consumption and transportation emissions. For more information please visit http://www.docusign.com. DocuSign and the DocuSign logo are registered trademarks of DocuSign, Inc.

Media contact
Rob Goodman
McKenzie Worldwide
503-380-2441

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