Signavio
Signavio is a vendor of Business Process Management 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 for 950 million euros.
History
The company was founded by a team of alumni from Hasso Plattner Institute in Potsdam, Germany.Prior to Signavio, the founders were involved in development of the world's first web modeler for Business [Process Model and Notation|BPMN] at HPI. This technology, known as the "Oryx project", was published under an Open Source license and served as blueprint for the Signavio Process Manager.
Signavio is headquartered in Berlin, Germany. In 2012, the company was incorporated in the United States as Signavio Inc. with an office in Burlington, Massachusetts.
On July 11, 2019, Signavio raised $177 million, led by Apax Digital, with DTCP.
On January 21, 2021, SAP announced that it would acquire Signavio. The acquisition was completed on March 5, 2021.