This week, rumors were going around that SAP was planning to buy the Berlin business process automation startup Signavio. Now, the company just made it official. Even though SAP did not reveal what they are paying for the company, reports indicated earlier that it could be worth $1.2 billion.
SAP gets a cloud-native business process management tool by buying Signavio. Luka Mucic, SAP’s CFO, envisions a world where understanding and automating business processes is crucial for any company trying to get in on the digital transformation seen in recent times.
Mucic says it is important for businesses to design, benchmark, improve and transform business processes.
The competitive edge
Traditional Business Processes Automation (BPA) tools have been around for a long time. However, cloud-native tools give SAP a modern approach to the problem, and automation via the cloud has become even more important since the onset of the pandemic.
A lot of people are working from home with requirements for streamlined collaborations.
SAP positions Signavio as the missing piece in its business process intelligence unit. Combining the business process intelligence unit at SAP with Signavio will create an end-to-end business process transformation suite that gives users a competitive edge.
SAP’s foray into process automation
SAP has been making moves into process automation recently. In December, the company announced its SAP intelligent Robotic Process Automation to get into the RPA industry during SAP TechEd. The acquisition of Signavio should fit in well with these ambitions.
Dr. Gero Decker, the co-founder, and CEO of Signavio sees the acquisition as a chance for his company to get the resources it needs to go beyond what they could have done separately. Now, Signavio transitions from an independent startup to a cog in a big company.