Signavio

Signavio - German the developer software for automation business processes founded in 2009 and who collected nearly $230 million investments (by the beginning of January, 2021). Apax Digital and Summit Partners are among investors, and the companies are among clients Comcast Bosch, Liberty Mutual and SAP.

History

2021: SAP buys Signavio

At the end of January, 2021 it became known that SAP is going to purchase Signavio startup together with the cloud management tool business processes (BPA). The cost of the transaction can be up to $1.2 billion, reports the Bloomberg agency with reference to the sources.

Though the traditional corporate BPA tools are available many years, existence of the cloud tool opens modern approach to the solution of this problem before SAP. Such option of business process automation purchased special importance during a pandemic when many employees had to pass completely to work from the house.

SAP is going to purchase Signavio, the transaction can make $1.2 billion

SAP also considers Signavio as a crucial element in development of analytics of business processes.

The combination of analytics of business processes from SAP and Signavio will allow us to carry out complex transformation of business processes and by that to increase competitiveness of our clients, - the chief financial officer of SAP Luka Muchich (Luka Mucic) considers. - It is extremely important that the companies could develop, estimate, improve and transform business processes at the enterprise for support of new opportunities and business models.

Doctor Gero Decker, the cofounder and the CEO of Savigno, considers that resources of SAP will help the company to expand the opportunities.

Considering positioning of SAP, its geographical coverage and financial opportunities, SAP is the largest and best platform for expansion of our intellectual ambitions, - he said.[1]

2019: Attraction of $177 million, assessment in $400 million

During a financing round in July, 2019 Signavio attracted $177 million investments and was estimated at $400 million.

Notes