display
Walldorf / Berlin (dpa) - Europe's largest software manufacturer SAP wants to sharpen its profile with the purchase of the Berlin start-up Signavio.
The takeover of the company, which specializes in business process improvement, should be completed in the first quarter of 2021, as the Dax heavyweight announced on Wednesday.
In today's dynamic business world, companies need the ability to adapt quickly to changing circumstances, said SAP CFO Luka Mucic.
With Signavio, SAP can provide a comprehensive package for change in companies, the company said.
The companies did not want to give financial details.
Part of the strategy of SAP boss Christian Klein is to tailor the group with its many offers more closely to the needs of customers.
A central component of this is the strengthening of the offers for better business processes.
Signavio is geared towards this area and offers software for process and decision management for use from the Internet via the cloud.
Signavio's software is designed to identify and eliminate weaknesses in work processes.
The investors in Berlin include the financial investor Apax Partners and Deutsche Telekom with the holding company Deutsche Telekom Capital Partners (DTCP).
Signavio is based in Berlin and most recently had more than 200 employees.
The company sees itself as a leader in the field of better planning of business processes.
One of the rivals in this area is the Munich-based provider Celonis.
display
© dpa-infocom, dpa: 210127-99-194134 / 2
Communication from SAP
Communication from Signavio