Bloomberg sources say SAP (NYSE:SAP) is in acquisition talks with Signavio, a German enterprise software company, in a deal that could be announced as early as this week.,
- The deal could value Signavio at about $1.2B.
- SAP CEO Christian Klein is prioritizing the company’s suite of cloud products to offset pandemic-related losses and compete with rivals like Salesforce. Buying Signavio would fit this strategy.
- Signavio raised about $230M in private funding from backers that include Apaz Partners.
- SAP shares are up 2% to $130.19.
- Earlier today, SAP spin out Qualtrics upsized its IPO and raised the price range.
SAP SE and Signavio GmbH today announced that SAP has entered into an agreement to acquire Signavio, a leader in the enterprise business process intelligence and process management space. Combining Signavio with the Business Process Intelligence unit of SAP will strengthen SAP’s 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.
Processes are the lifeblood of each company; they are what actually HAPPENS in the operations. Therefore, to truly transform, it is important to help them holistically with system AND process transformation. In this context, BPI, together with Signavio, perfectly completes our newly launched RISE with SAP offering to bring together everything you need to transform your business.
Signavio’s integrated cloud-native process management suite perfectly complements existing business process intelligence software from 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. The suite will also allow customers to monitor the long-run success of these process changes.