Signavio, a Berlin, Germany-based provider of business transformation solutions, raised $177m in funding.
The round was led by Apax Digital, with participation from DTCP. Existing investor Summit Partners will retain an equity stake in the business.
Concurrent with this investment, Daniel O’Keefe, Managing Partner, and Mark Beith, Managing Director of Apax Digital will join Signavio’s board of directors. Summit Partners Managing Director Matthias Allgaier will retain a seat on the company’s board of directors.
The company intends to use the funds to accelerate international expansion and further investment in its software suite.
Led by Dr. Gero Decker, CEO and co-founder, Signavio provides a Business Transformation Suite that enables over 1,300 customers to mine, model, monitor, manage and maintain their business processes including digital transformation, operational excellence and customer centricity. Today, the company’s software is used by more than one million users across industries and geographies, including companies such as SAP, Deloitte, Liberty Mutual, Bosch, Comcast-NBCUniversal.
Signavio already has 9 offices across the world and is expanding operations in Japan and India,
The transaction is expected to close later this year, subject to regulatory approvals.