Signavio has experienced rapid growth recently, and thanks to a $177 million investment, its business will soon grow even more.
The company created a business transformation software suite, where users can do things like create workflows, monitor their business processes and collaborate on projects.
The software suite is used by over one million users across 1,300 businesses, including big names like SAP, Deloitte, Liberty Mutual and Comcast-NBCUniversal. Signavio hopes to use the funding to invest in its software and capture more customers.
Signavio is based in Berlin, but has nine offices around the world, including one in Burlington, Mass. and one in Sunnyvale, Calif. Signavio plans to increase its employee headcount by 50 percent this year.
Company revenue has grown by more than 70 percent over the past 12 months.
“Ten years ago, we set out on a journey to tackle the time-consuming practices that limit business productivity,” Signavio CEO and co-founder Gero Decker said in a statement. “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.”