Summit Partners invests €31m in Signavio

Signavio plans to further strengthen its sales and service capabilities and to grow the business in Europe, North America and Asia.

Summit is a growth equity firm that operates in Europe and the US. It currently has $6.5bn invested in equity and fixed-income opportunities. Its focus is on technology, healthcare and other growth sectors.

Signavio is Summit's third European software investment in 2015. The firm backed cybersecurity business Darktrace with $22.5m in July and injected €20m into Finnish supply-chain software developer Relex in September.

Company
Founded in 2009 and headquartered in Berlin, Signavio is a provider of cloud-based software that helps businesses design, implement and manage complex processes, decisions and workflows. The company stated that it serves 750 corporations, businesses and organisation with its three products Process Editor, Decision Manager and Effektif. Signavio has additional offices in California and Singapore.

People
Scott Collins is managing director at Summit. Gero Decker is the founder and CEO of Signavio.

Advisers
Equity – Hengeler Mueller (Legal); Kirkland & Ellis (Legal).
Company – GP Bullhound (Corporate finance); CMS (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Technology
• Germany
• Venture