DTCP Invests Alongside Apax Digital in $177 Million Funding to Accelerate Signavio’s Global Expansion
This investment fuels Signavio’s ability for further international growth and technology innovation.
HAMBURG – July 11, 2019 – DTCP has invested in Signavio, a leading provider of business transformation solutions, to fuel the company’s international expansion and further investment in its next-gen software suite. DTCP joins Apax Digital, the growth equity team of Apax Partners, who led the round. Existing investor Summit Partners retains an equity stake in the business. The total investment amount announced today is $177 million.
This investment comes out of DTCP’s Venture and Growth Fund II which focuses on propelling game-changing SaaS companies into the next stage of growth. Signavio—with their intelligent decision-making tools—helps place digital transformation, operational excellence, and customer centricity processes at the very heart of 1300 customer organizations. These businesses use Signavio’s Business Transformation Suite to effectively mine, model, monitor, manage, and maintain their business processes.
Signavio already has nine offices across the globe and is expanding operations in Japan and India, effectively increasing its employee base by over 50% in 2019. They have grown their revenue by more than 70% in the last twelve months. Today the company’s 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.
Dr. Gero Decker, CEO and co-founder of Signavio, says, “This 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. Apax Digital and DTCP are the perfect partners for Signavio’s next phase of growth. With their experience in building and growing enterprise software companies, they will support us as we further expand geographically and develop state of the art solutions that will help organizations place digital transformation, operational excellence and customer centricity at the heart of their process strategy. DTCP include in their portfolio organizations with sophisticated intellectual property and differentiated business models with high disruption potential. They share our vision of leveraging the power of process for greater business outcomes.”
“How a business manages change has become a major component of its lasting success. Signavio’s Business Transformation Suite enables companies to successfully address the challenges that come with the digital transformation process,” says DTCP Partner Thomas Preuss. “DTCP is excited to join Signavio on their mission to help every business ‘unleash the power of process’ and to support the outstanding leadership team with our global network and vast SaaS expertise.”
The transaction is expected to close later this year, subject to regulatory approvals.
For more information on DTCP’s investments, visit https://telekom-capital.com/news/
Over 1 million users in more than 1,300 organizations worldwide rely on Signavio’s unique offering to make process part of their DNA. Signavio’s business transformation suite enables mid-size and large organizations to effectively mine, model, monitor, manage and maintain their business processes. It’s intelligent decision-making tools address digital transformation, operational excellence and customer centricity, placing them at the heart of the world’s leading organizations. Headquartered in Berlin, with offices in US, UK, France, Netherlands, Switzerland, Singapore and Australia, Signavio is well placed to deliver local services on a global scale. For more information, visit www.signavio.com.
DTCP is an investment management group with c. $1.7 billion assets under management and advisory from Deutsche Telekom and other corporate and institutional investors, and a portfolio of over 60 companies. The group provides venture and growth capital, private equity investments, and advisory services to the technology, media and telecommunication sectors. It operates and invests in Europe, the US, and Israel. To learn more about DTCP, visit www.telekom-capital.com or @TelekomCapital on Twitter.
DTCP Global Media: Julia Wolters | +49 160 6809906 | firstname.lastname@example.org