BERLIN and BOSTON – February 19, 2020 – Signavio, a leading provider of Business Transformation solutions and real-time process intelligence, introduced its platform to 500 new customers in 2019, capitalizing on high demand around the globe across multiple industries. The customer growth drove an annual revenue increase of over 60 percent, compared to the previous year. Signavio’s record financial results, combined with marquee customer wins, innovative product introductions and strategic hires, have positioned the company as the market leader for intelligent decision-making tools that drive digital transformation.
“There’s a clear reason that hundreds of industry leaders are recognizing the power of process change – because it has tangible, actionable and powerful business results,” said Dr. Gero Decker, CEO and co-founder of Signavio. “Process mining and process management transcends industries, making the most complex business challenges more visible and easier to solve. We have been working diligently to drive business change during the past several years, and our recent growth is a direct testament to our technological and strategic advancements as a company.”
Global brands who have transformed their business processes with Signavio include Deloitte, Jabil, Volkswagen, BNP Paribas, Veolia, Veritas, Sanofi and NTT Data Intramart.
To further its customer growth, Signavio bolstered its business across three key areas:
- Technology: Signavio introduced powerful new enhancements through its SAP Signavio Process Transformation Suite – Velocity Edition, improving the Suite’s business process speed and adding real-time intelligence.
- Employees: Signavio also expanded its employee base by 60% in 2019, adding 140 employees worldwide. More than half of the new hires are focused on R&D, strengthening the company’s ability to meet customer needs while offering innovative product solutions. The company also expanded its global footprint by opening new locations in Japan, Sweden, and India, increasing its worldwide office total to 13.
- Investments: In July, the company secured a $177 million investment to fuel its continued international expansion and bolster investment in its product suite.