Signavio is a vendor of Business Process Management (BPM) software based in Berlin and Silicon Valley. Its main product is Signavio Process Manager, a web-based business process modeling tool. The company was acquired by SAP in March 2021[1] for 950 million euros.[2]
| Industry | Business process management |
|---|---|
| Founded | 2009 |
| Founders | Gero Decker, Torben Schreiter, Nicolas Peters, Willi Tscheschner, Mathias Weske |
| Headquarters | Berlin , Germany |
| Products |
|
| Services | |
| Owner | SAP (2021-present) |
| Website | www |
History
The company was founded by a team of alumni from Hasso Plattner Institute (HPI) in Potsdam, Germany.[3]
Prior to Signavio, the founders were involved in[vague] development of the world's first web modeler for BPMN at HPI.[citation needed] This technology, known as the "Oryx project", was published under an Open Source license and served as blueprint for the Signavio Process Manager.[4][5]
Signavio is headquartered in Berlin, Germany.[6] In 2012, the company was incorporated in the United States as Signavio Inc. with an office in Burlington, Massachusetts.[7] The company is fully owned by the founders and staff.[citation needed]
On January 21, 2021, SAP announced that it would acquire Signavio.[8] The acquisition was completed on March 5, 2021.[9]
Awards
In 2011, the German Federal Ministry of Economy and Technology named Signavio "ICT startup of the Year"[10] and selected the firm for its "German Silicon Valley Accelerator" program.[11]