The German technology company that develops enterprise application software announced the purchase of Signavio, a provider of business process automation tools. Both companies agreed not to disclosed the financial details of the deal. According to Bloomberg, it could be worth $1.2 billion.
Launched in 2009, Signavio provides midsize and large organizations with a cloud-native process management suite, enabling them to improve and transform all of their business processes faster. The company will become a part of the Business Process Intelligence unit of SAP.
“With the addition of Signavio, SAP can now provide a holistic suite of flexible process transformation solutions for customers to transform their business processes end to end. That includes business process design, benchmarking, gap analysis, improvement and process change management,” SAP says in its statement.
With offices in the US, UK, France, Netherlands, Switzerland, Sweden, Canada, Singapore, Japan, India and Australia, Signavio has over a million users in more than 2,000 organizations worldwide. Its customers include Comcast, Bosch, Liberty Mutual.
