Signavio, a Berlin- and New York-based provider of business transformation solutions, has raised $177 million. The transaction was led by Apax Digital, the growth equity team of Apax Partners, with participation from DTCP. Existing investor Summit Partners will retain an equity stake in the business.
This new investment will be used to accelerate international expansion and to further invest in Signavio’s product suite, said the company in a statement.
Daniel O’Keefe, managing partner, and Mark Beith, managing director, of Apax Digital will join Signavio’s board of directors. Summit Partners managing director Matthias Allgaier will retain a seat on the company’s board.
The transaction is expected to close later this year, subject to regulatory approvals.
[Image courtesy: Signavio]