New Delhi: Software company Adobe on Mondayannounced the acquisition of web-based electronic signatures solution provider EchoSign.

Adobe sees EchoSign's electronic signature solution as a key component of Adobe's document exchange services platform for reliably exchanging documents for universal access, review and approval.

"By adding electronic signature capabilities to Adobe’s document exchange services platform, we will be addressing the need to provide better customer experiences by significantly reducing the time, cost and complexity associated with having a document signed," said Kevin M Lynch, vice president and general manager of Acrobat Solutions, Adobe in a statement.

EchoSign's solution will now be offered as part of Adobe's online document exchange services platform.

"By reducing the time and costs of having documents signed with traditional methods, the EchoSign solution can enable customers to significantly accelerate sales cycles, improve tracking and centralise the management of signed agreements," the statement said.