Monday, 15 July 2019 10:33

Signavio raises US$177 million in new capital to fuel global expansion

By

Business transformation solutions provider Signavio has raised US$177 million in funds to be used to accelerate its global expansion.

The capital raising was led by Apax Digital, the growth equity team of Apax Partners, with participation from DTCP. Existing investor Summit Partners will retain an equity stake in the business.

As reported by iTWire in April, Signavio announced it had secured a deal with NBN Co, the builders of the national broadband network, to deliver a business process excellence capability across the organisation.

Signavio says that, along with acceleration of its international expansion, the funds from this latest capital raising will also be used for further investment in its product suite.

The company says it already has nine offices across the world and is expanding operations in Japan and India, and increasing its employee base by over 50% in 2019.

“Ten years ago, we set out on a journey to tackle the time-consuming practices that limit business productivity,” said Dr. Gero Decker, chief executive and co-founder of Signavio.

“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.

“We are thrilled to welcome Apax Digital as our new lead partner, and look forward to building upon our success to date by leveraging our partners’ operating capabilities and global platforms for our international expansion.”

Concurrent with the investment, Daniel O’Keefe, managing partner, and Mark Beith, managing director, of Apax Digital, will join Signavio’s board of directors, with Summit Partners managing director Matthias Allgaier retaining a seat on the board.

“As businesses have become more global, and workforces more distributed, business processes have proliferated, and become more complex,” noted O’Keefe and Beith.

“Signavio’s cloud-native suite allows employees across an enterprise to collaborate and transform their businesses by digitising, optimising and ultimately automating their processes. We are tremendously excited to partner with the Signavio team and to support their vision.”


Subscribe to ITWIRE UPDATE Newsletter here

GRAND OPENING OF THE ITWIRE SHOP

The much awaited iTWire Shop is now open to our readers.

Visit the iTWire Shop, a leading destination for stylish accessories, gear & gadgets, lifestyle products and everyday portable office essentials, drones, zoom lenses for smartphones, software and online training.

PLUS Big Brands include: Apple, Lenovo, LG, Samsung, Sennheiser and many more.

Products available for any country.

We hope you enjoy and find value in the much anticipated iTWire Shop.

ENTER THE SHOP NOW!

INTRODUCING ITWIRE TV

iTWire TV offers a unique value to the Tech Sector by providing a range of video interviews, news, views and reviews, and also provides the opportunity for vendors to promote your company and your marketing messages.

We work with you to develop the message and conduct the interview or product review in a safe and collaborative way. Unlike other Tech YouTube channels, we create a story around your message and post that on the homepage of ITWire, linking to your message.

In addition, your interview post message can be displayed in up to 7 different post displays on our the iTWire.com site to drive traffic and readers to your video content and downloads. This can be a significant Lead Generation opportunity for your business.

We also provide 3 videos in one recording/sitting if you require so that you have a series of videos to promote to your customers. Your sales team can add your emails to sales collateral and to the footer of their sales and marketing emails.

See the latest in Tech News, Views, Interviews, Reviews, Product Promos and Events. Plus funny videos from our readers and customers.

SEE WHAT'S ON ITWIRE TV NOW!

BACK TO HOME PAGE
Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

Share News tips for the iTWire Journalists? Your tip will be anonymous

WEBINARS ONLINE & ON-DEMAND

GUEST ARTICLES

VENDOR NEWS

Guest Opinion

Guest Interviews

Guest Reviews

Guest Research

Guest Research & Case Studies

Channel News

Comments