VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, electronic signatures, and identity management, announced today the execution of a definitive agreement to acquire privately held Silanis Technology, Inc. (Silanis), a provider of electronic signature and digital transaction solutions used to sign, send and manage documents. Silanis is expected to generate $16 million in revenue for the year ending 2015, per the Canadian Generally Accepted Accounting Rule.

This acquisition announcement follows on the heels of other significant acquisitions in the electronic signature market, including Adobe’s acquisition of EchoSign, Citrix’s acquisition of RightSignature, Kofax’s acquisition of SoftPro and DocuSign’s acquisition of ARX.

07ba3a2Docusign CEO Keith Krach has told the company in an internal memo that he’ll be stepping down, Recode reported on Friday. Krach didn’t explain the reason for his resignation, but said he’ll stay CEO until the company finds his successor. He also said he’ll remain the company’s chairman for at least another 3 years. Krach became CEO four years ago and has been chairman for seven. He is also one of DocuSign’s largest individual shareholders.

Krach’s departure comes as a bit of a surprise, especially considering Docusign just raised $280 million in May. Whatever the reason is, it doesn’t send a positive signal when the CEO suddenly steps down.

Le Clair, Forrester VP and Principle Analyst, said earlier this year there’s one problem: “If you do the math there’s no way the amount of money put into DocuSign could be justified doing the signature part of the process”.

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