Apax Digital leads $177m round for global business transformation firm

London-based equity firm Apax Partners had led a $177m funding round for international business process specialist Signavio.

The investment round, which also saw participation from German firm Deutsche Telekom Capital Partners (DTCP), will enable the firm to increase its presence in Asia as well as enhance its existing proposition.

Signavio, which is headquartered in Berlin, has offices in the US, UK, France, Netherlands, Switzerland, Singapore and Australia, working with clients such as SAP, Deloitte, Liberty Mutual, Comcast-NBCUniversal and Bosch.

The business process specialist has plans to expand operations in Japan and India, increasing its employee base by over 50 per cent by the end of 2019.

As part of the deal, Apax Digital’s managing partner Daniel O’Keefe and managing director Mark Beith will join Signavio’s board of directors.

Dr. Gero Decker, CEO and co-founder of Signavio, commented: “This significant new investment further validates our approach to solve business problems faster and more efficiently, unleashing the power of process through our unique Business Transformation Suite.

“We are thrilled to welcome Apax Digital as our new lead partner, and look forward to building upon our success to date by leveraging our partners’ operating capabilities and global platforms for our international expansion.”