SAP inks deal with Signavio
SAP SE has entered into an agreement to acquire Signavio, a provider of enterprise business process intelligence and process management space.
According to SAP, combining Signavio with SAP's business process intelligence unit will strengthen its capacity to help companies quickly understand, improve, transform and manage their business processes at scale. The transaction is expected to close in the first quarter of 2021, subject to regulatory approval.
SAP and Signavio agreed not to disclose the purchase price or other financial details of this transaction but industry estimates place the value of the deal at around $1.2 billion.
“In today’s dynamic world, companies of all sizes need the ability to rapidly adapt their business processes to fast-changing market conditions,” said Luka Mucic, chief financial officer and member of the executive board of SAP SE. “I cannot overstress the importance for companies to be able to design, benchmark, improve and transform business processes across the enterprise to support new capabilities and business models. The combination of business process intelligence from SAP and Signavio creates a leading end-to-end business process transformation suite to help our customers achieve the requirements needed to gain a competitive edge. SAP and Signavio are a great cultural fit and share the same values, and we are excited about joining forces with them to deliver on our Intelligent Enterprise strategy.”
Business process intelligence is a key part of SAP’s new offering, the RISE with SAP package. The offering helps companies perform a holistic business transformation that makes them resilient, agile and intelligent. It includes support for an accelerated move of core ERP processes to the cloud.
SAP said that Signavio’s integrated cloud-native process management suite complements its existing business process intelligence software. 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. The suite will also allow customers to monitor the long-run success of these process changes.
The combination of SAP and Signavio will bring together standardized process KPIs, broad benchmarking data, process mining, user behavior mining and customer experience analysis to give customers a 360-degree view of every business process. It will also provide tools to fully understand and transform the processes.
For more information, go to www.signavio.com and www.sap.com.