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Signavio
Vendor of BPM software From Wikipedia, the free encyclopedia
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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]
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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[vague] 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]
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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
External links
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