Enterprise software producer SAP agreed yesterday to acquire Signavio, a Germany-based business process management (BPM) technology developer backed by telecommunications firm Deutsche Telekom.
The size of the deal was undisclosed but Bloomberg reported earlier this week that the transaction was set to value Signavio at about €1bn ($1.2bn).
Signavio was founded in 2009 and has built a software platform that streamlines enterprise customers’ BPM systems, including workflows and business operations, with a focus on digitalisation. The company has a global client base of some 2,000 organisations in multiple sectors.
SAP provides machine learning, internet-of-things and data analytics-powered enterprise software tools that enable users to improve their companies’ BPM across various departments including supply chain management, manufacturing, human resources, finance and sales.
The corporate’s business process intelligence arm will incorporate Signavio’s capabilities to develop a cloud-based product in a bid to help businesses improve and monitor their processes in aspects such as benchmarking, design, gap analysis and change management.
Deutsche Telekom-backed vehicle Deutsche Telekom Capital Partners had taken part in a $177m series C round for Signavio in 2019 that was led by growth equity firm Apax Digital at a reported valuation of $400m.
The company had secured $19m in series B funding the year before from alternative investment firm Summit Partners, which had also backed its $33.5m series A round in 2015.
Signavio co-founder and CEO Gero Decker said: “Considering the positioning of SAP, its geographical coverage and financial muscle, SAP is the biggest and best platform to bring process intelligence to every organisation.
“For us, it is a massive jump start and a major opportunity to help SAP become a key player in the business process management and intelligence space.”
