Company:Signavio

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Signavio GmbH
IndustryBusiness process management
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FoundersGero Decker, Torben Schreiter, Nicolas Peters, Willi Tscheschner, Mathias Weske
Headquarters
Berlin
,
Germany
Products
  • Signavio business transformation solutions
  • SAP Signavio Process Manager
  • SAP Signavio Process Intelligence
  • SAP Signavio Process Governance
Services
OwnerSAP (2021-present)
Websitewww.signavio.com

Signavio is a vendor of Business Process Management (BPM) software based in Berlin and Silicon Valley. Its main product is Signavio Process Manager, a web-based business process modeling tool. The company was acquired by SAP in March 2021[1] for 950 million euros.[2]

History

The company was founded by a team of alumni from Hasso Plattner Institute (HPI) in Potsdam, Germany.[3]

Prior to Signavio, the founders were involved in development of the world's first web modeler for BPMN at HPI.[4] This technology, known as the "Oryx project", was published under an Open Source license and served as blueprint for the Signavio Process Manager.[5][6]

Signavio is headquartered in Berlin, Germany.[7] In 2012, the company was incorporated in the United States as Signavio Inc. with an office in Burlington, Massachusetts.[8]

On July 11, 2019, Signavio raised $177 million, led by Apax Digital (the growth equity team of Apax Partners), with DTCP.[9]

On January 21, 2021, SAP announced that it would acquire Signavio.[10] The acquisition was completed on March 5, 2021.[11]

Awards

In 2011, the German Federal Ministry of Economy and Technology named Signavio "ICT startup of the Year"[12] and selected the firm for its "German Silicon Valley Accelerator" program.[13]

References

  1. ↑ "SAP Completes Acquisition of Signavio" (in en-US). SAP Signavio. https://www.signavio.com/news/sap-acquisition-signavio/. 
  2. ↑ "Strategieschwenk kommt SAP teuer zu stehen". https://www.handelsblatt.com/technik/it-internet/bilanzcheck-strategieschwenk-kommt-sap-teuer-zu-stehen-die-staerken-und-schwaechen-der-bilanz/27159582.html. 
  3. ↑ "Hasso-Plattner-Institut Alumni Startups". HPI. http://www.hpi.uni-potsdam.de/personen/alumni_startups.html. 
  4. ↑ "Alumni Fireside Chat at HPI" (in en). 2024-10-18. https://hpi.de/en/article/alumni-fireside-chat-at-hpi/. 
  5. ↑ "Oryx-Editor Google Code source". https://code.google.com/archive/p/oryx-editor/. 
  6. ↑ "Oryx Editor Github source". https://github.com/tiku01/oryx-editor. 
  7. ↑ "Legal info | Signavio" (in en-US). https://www.signavio.com/legal-info/. 
  8. ↑ "Legal info | Signavio" (in en-US). https://www.signavio.com/legal-info/. 
  9. ↑ Lunden, Ingrid (2019-07-11). "Signavio raises $177M at a $400M valuation for its business process automation solutions" (in en-US). https://techcrunch.com/2019/07/11/signavio-raises-177m-at-a-400m-valuation-for-its-business-process-automation-solutions/. 
  10. ↑ "SAP to Acquire Signavio" (in en-US). 2021-01-27. https://news.sap.com/2021/01/sap-to-acquire-signavio/. 
  11. ↑ "SAP Completes Acquisition of Signavio". 5 March 2021. https://news.sap.com/2021/03/signavio-acquisition-complete/. 
  12. ↑ "Rösler prämiert erfolgreichste IKT-Unternehmensgründungen". BMWi. Jun 20, 2011. http://www.bmwi.de/BMWi/Navigation/Presse/pressemitteilungen,did=406252.html. 
  13. ↑ "Go West: The first six IT start-ups are headed for Silicon Valley from January 2012". BMWi. Nov 14, 2011. http://www.bmwi.de/English/Navigation/Press/press-releases,did=457412.html. 



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