|[March 19, 2018]
SaaS-Vendor Signavio Fuels Further Growth with €15.5M Investment
Signavio, a multi-award-winning regular on Deloitte's (News - Alert) Technology Fast 50
list, has received a €15.5 million investment following the company's
90% growth in 2017. The Series B funding round, led by global growth
equity investor Summit Partners, will help Signavio continue to expand
its international presence.
In the past two years, Signavio has extended its geographical footprint
from three to eight office locations and grown its staff from 75 to 230,
fueled by booming demand for Business Process Management (BPM) services
worldwide. With the global BPM market predicted to grow 12% annually
over between 2017- 2023, Signavio has also significantly expanded their
management team, adding seasoned leaders from companies such as
Hybris/SAP, Box (News - Alert), Gartner, OpenText, and Salesforce.
"The introduction of the Signavio Business Transformation Suite was very
well received in the market place," says Gero Decker, CEO and co-founder
of the company. "Signavio's Business Transformation Suite strength lies
in its dynamic management system, enabling businesses to pivot their
strategy using real-time data which can be translated into actionable
insights. Our products for modelling, analysis, and business
optimization allow our clients to deliver process improvements
significantly faster than traditional approaches."
"In addition to Signavio's core strength of collaborative process
design, this also enables Process Mining, giving businesses the ability
to turn digital traces of transactions into actionable process insights.
With this move, Signavio now addresses a growing list of blue chip
customers on the path to improved customer experience and process
Mathias Allgaier, Managing Director at Summit Partners, said: "We are
impressed by Signavio's dynamic growth and by the incredibly positive
feedback from customers. A customer churn rate of less than 2% is
impressive for a SaaS (News - Alert) business and we believe illustrates the value that
Signavio's solutions deliver."
Allgaier added: "Signavio has already established itself as one of the
largest European specialist SaaS companies, and we believe it has the
potential to become one of the champions of international software in
the coming years."
With over 1 million users in over 1,000
companies worldwide, Signavio has rapidly established itself as the
leading provider of cloud-based process modeling and management systems.
Signavio's innovative Business Transformation Suite, including the
Stevie Award-winning Signavio Process Manager, is recognized for its
ease of use and rapid return on investment. Signavio Process
Intelligence is also the price-performance leader in automated business
process discovery, and process performance management.
About Summit Partners
Founded in 1984, Summit Partners is a
global alternative investment firm that is currently managing more than
$14 billion in capital dedicated to growth equity, fixed income and
public equity opportunities. Summit invests across growth sectors of the
economy and has invested in more than 475 companies in technology,
healthcare and other growth industries. These companies have completed
more than 140 public equity offerings, and more than 190 have been
acquired through strategic mergers and sales. Summit maintains offices
in North America and Europe, and invests in companies around the world.
For more information, visit www.summitpartners.com or
on Twitter (News - Alert) at @SummitPartners.
In the United States of America, Summit Partners operates as an
SEC (News - Alert)-registered investment advisor. In the United Kingdom, this document
is issued by Summit Partners LLP, a firm authorized and regulated by the
Financial Conduct Authority. Summit Partners LLP is a limited liability
partnership registered in England and Wales with registered number
OC388179 and its registered office is at 11-12 St. James's Square,
London, SW1Y 4LB, UK. This document is intended solely to provide
information regarding Summit Partners' potential financing capabilities
for prospective portfolio companies.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180319005323/en/
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