Investment to fuel further international growth and technology innovation for Signavio鈥檚 one-million users
, a leading provider of business transformation solutions,聽today announced a $177 million investment to fuel continued international expansion and further investment in its world-class software suite. The transaction was led by Apax Digital, the growth equity team of Apax Partners, with participation from DTCP. Existing investor Summit Partners will retain an equity stake in the business.
Signavio鈥檚 Business Transformation Suite enables its over 1,300 customers to effectively mine, model, monitor, manage and maintain their business processes. Its intelligent decision-making tools address digital transformation, operational excellence and customer centricity, helping place process at the very heart of organizations. Signavio has grown its revenue by more than 70% in the last twelve months. Today the company鈥檚 software is used by more than one million users across industries and geographies, including leading companies such as SAP, Deloitte, Liberty Mutual, Bosch, Comcast-NBCUniversal.
This new investment will be used to accelerate international expansion and to further invest in Signavio鈥檚 product suite. The company already has 9 offices across the world and is expanding operations in Japan and India, increasing its employee base by over 50% in 2019. Earlier this year, Signavio was recognized as a March 2019聽.
鈥�10 years ago, we set out on a journey to tackle the time-consuming practices that limit business productivity,鈥� said Dr. Gero Decker, CEO and co-founder of Signavio. 鈥淭his significant new investment further validates our approach to solve business problems faster and more efficiently, unleashing the power of process through our unique Business Transformation Suite. We are thrilled to welcome Apax Digital as our new lead partner, and look forward to building upon our success to date by leveraging our partners鈥� operating capabilities and global platforms for our international expansion.鈥�
Concurrent with this investment, Daniel O鈥橩eefe, Managing Partner, and Mark Beith, Managing Director, of Apax Digital will join Signavio鈥檚 board of directors. Summit Partners Managing Director Matthias Allgaier will retain a seat on the company鈥檚 board of directors.
鈥淎s businesses have become more global, and workforces more distributed, business processes have proliferated, and become more complex,鈥� noted Mr. O鈥橩eefe and Mr. Beith. 鈥淪ignavio鈥檚 cloud-native suite allows employees across an enterprise to collaborate and transform their businesses by digitizing, optimizing and ultimately automating their processes. We are tremendously excited to partner with the Signavio team and to support their vision.鈥�
鈥淲ith innovative, intelligent and easy-to-use solutions, Signavio is helping to enable digital transformation across thousands of organizations worldwide, enabling new use cases and extending the reach of BPM software from IT to business users,鈥� said Matthias Allgaier, Managing Director with Summit Partners, which first invested in Signavio in 2015. 鈥淚t has been a delight to work closely with Gero and the entire team to support the company鈥檚 impressive growth thus far. We are thrilled to welcome Apax and to continue our partnership with Signavio.鈥�
The transaction is expected to close later this year, subject to regulatory approvals.
