Business transformation outfit Signavio 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.
This new investment will be used to accelerate international expansion and to further invest in Signavio’s product suite. The company already has nine offices across the world and is expanding operations in Japan and India, increasing its employee base by over 50 per cent in 2019. Earlier this year, Signavio was recognised as a March 2019 Gartner Peer Insights Customers’ Choice for Enterprise Business Process Analysis Software.
Signavio CEO and co-founder of Dr Gero Decker said that ten years ago, the company started tackling time-consuming practices that limit business productivity.
“This 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’ operating capabilities and global platforms for our international expansion.”
Apax Digital’s Daniel O’Keefe and Mark Beith will join Signavio’s board of directors. Summit Partners Managing Director Matthias Allgaier will retain a seat on the company’s board of directors.
