"We're focused on building a great, independent public company," Allan Tygesen, CEO of DocuSign, told CNBC in an interview this week at a partner event the firm held in London.
He added DocuSign wouldn't rule out the prospect of M&A in the future, but stressed the firm is"very focused on building a great independent company."is committed to remaining a public company and is working to convince investors of its artificial intelligence potential, CEO Allan Thygesen told CNBC, after reports suggested the firm had been the target of takeover interest from private equity suitors.
However, he stressed:"We're very focused on building a great independent company. We feel we have a huge opportunity, so that's what we're doing."The firm said it expects to take a $28 million to $32 million hit due to the restructuring plan, consisting primarily of cash expenditures for employee transition, notice period and severance payments, as well as non-cash expenses related to vesting of share-based awards.
"I think we have mostly convinced investors that there's adults in charge, they're ahead of the plan, that we've stabilized things, and now they want to see how we do with this new stuff," Thygesen said.
Source: News Formal (newsformal.com)
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