DocuSign (NASDAQ:DOCU) is focused on building a great, independent public company and is working to convince investors of its artificial intelligence potential, the company’s CEO Allan Thygesen told CNBC on Wednesday.
Thygesen’s remarks come in light of recent reports suggesting the firm had been the target of takeover interest from private equity suitors.
DocuSign, known for its popular digital contract signing service, was rumored to have attracted interest from suitors Bain Capital and Hellman & Friedman.
Reports from Reuters and Bloomberg from earlier this year indicated that the private equity (PE) firms were competing to acquire DocuSign for nearly $13 billion. However, a February Reuters report mentioned that Bain Capital and Hellman & Friedman paused their pursuit due to disagreements over the purchase price.
When asked by CNBC about the rumors of PE buyers' previous interest in DocuSign, Thygesen said he “can’t comment on anything that may or may not have happened in the past.”
Thygesen added that while DocuSign wouldn’t rule out the prospect of a merger or acquisition transaction in the future, the company's current focus remains on its independent growth and leveraging its significant opportunities in the market.