M&A Deal Summary

SAP Acquires Signavio

On January 27, 2021, SAP acquired internet software and services company Signavio from Summit Partners, Apax and DTCP for 1.2B USD

Acquisition Highlights
  • This is SAP’s 9th transaction in the Internet Software and Services sector.
  • This is SAP’s 9th largest (disclosed) transaction.
  • This is SAP’s 9th transaction in Germany.

M&A Deal Summary

Date 2021-01-27
Target Signavio
Sector Internet Software and Services
Buyer(s) SAP
Sellers(s) Summit Partners
Apax
DTCP
Deal Type Add-on Acquisition
Deal Value 1.2B USD

Target

Signavio

Berlin, Germany
website
Signavio is a provider of SaaS-based business process and decision management technology services. Signavio offers a web-based solution for modeling, analyzing, and optimizing business processes and decisions. Signavio was founded in 2009 and is based in Berlin, Germany.

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Buyer(S) 1

Buyer

SAP

Walldorf, Germany

website


Category Company
Founded 1972
Sector Software
Employees103,876
Revenue 30.9B EUR (2022)
DESCRIPTION
SAP office in Downers Grove, Illinois.
SAP office in Downers Grove, Illinois.

SAP is a multinational software company that makes enterprise software to manage business operations and customer relations. SAP was founded in 1972 and is based in Walldorf, Germany.


DEAL STATS #
Overall 55 of 60
Sector (Internet Software and Services) 9 of 10
Type (Add-on Acquisition) 53 of 58
Country (Germany) 9 of 10
Year (2021) 1 of 3
Size (of disclosed) 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 Emarsys eMarketing Systems AG

Vienna, Austria

Emarsys eMarketing Systems AG is a provider of cloud marketing software for B2C companies. Emarsys SaaS platform provides predictive and prescriptive analytics, customer intelligence, and B2C marketing automation for B2C companies – including e-commerce, internet, retail, and travel. Emarsys eMarketing Systems was founded in 2000 and is based in Vienna, Austria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-28 Qualtrics International

Provo, Utah, United States

Qualtrics International is a software-as-a-service company that helps clients monitor and gather customer insights. Qualtrics has pioneered a new category of software that enables organizations to deliver the experiences that turn their customers into fanatics, employees into ambassadors, brands into religions, and products into obsessions. Qualtrics International was founded in 2002 and is headquartered in Provo, Utah.

Sell -

Seller(S) 3

SELLER

Summit Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1984
PE ASSETS 39.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Summit Partners is a private investment and asset management firm focused on venture, growth, credit, and public equity investing. Sectors of interest include business services, communications technology and services, consumer products, energy, financial services, healthcare and life sciences, industrial products, internet/information services, media/entertainment, semiconductors, electronics, and software. Summit Partners is known for having a proactive business development group for sourcing transactions. Summit will consider both minority or majority investment stakes and is willing to commit as little as $10 million or as much as $500 million in combined debt/junior capital per transaction. The Firm's geographic coverage spans North America and Europe. Summit Partners was formed in 1984 and is headquartered in Boston, Massachusetts.


DEAL STATS #
Overall 250 of 281
Sector (Internet Software and Services) 19 of 26
Type (Add-on Acquisition) 112 of 126
Country (Germany) 6 of 8
Year (2021) 1 of 23
Size (of disclosed) 7 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Jobber

Edmonton, Alberta, Canada

Jobber is a cloud and mobile software platform for home service businesses. Jobber was founded in 2011 and is based in Edmonton, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-04 AvePoint

Jersey City, New Jersey, United States

AvePoint specializes in infrastructure management software solutions for Microsoft 365 and Salesforce.com. AvePoint was founded in 2001 and is based in Jersey City, New Jersey.

Sell -
SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1981
PE ASSETS 60.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from €1 to €5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 148 of 163
Sector (Internet Software and Services) 10 of 12
Type (Add-on Acquisition) 51 of 57
Country (Germany) 10 of 10
Year (2021) 2 of 9
Size (of disclosed) 17 of 49
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 PIB Group

London, United Kingdom

PIB Group is an insurance intermediary group aiming to create a leading position in the provision of specialist insurance solutions across the UK market. PIB Group was founded in 2015 and is based in London, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-11 Herjavec Group

Toronto, Ontario, Canada

Herjavec Group is a cybersecurity company, supporting IT security lifecycle products and services. Herjavec Group delivers SOC 2 Type 2 certified managed security services globally supported by a PCI compliant Security Operations Center (SOC), operated 24/7/365 by certified security professionals. This expertise is coupled with a leadership position across a wide range of functions including consulting, professional services & incident response. Herjavec Group was formed in 2003 and has offices globally including a head office in Toronto, Ontario.

Buy -
SELLER

DTCP

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2015
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

DTCP is a European investment management firm focused on a variety of global investment opportunities. The Firm has two investment platforms, one focused on growth equity investments in technology, and the other targeting digital infrastructure. DTCP was founded in 2015 and is headquartered in Hamburg, Germany.


DEAL STATS #
Overall 1 of 4
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (Germany) 1 of 2
Year (2021) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-21 Epsagon

New York, New York, United States

Epsagon Ltd. is a provider of a platform that enables teams to identify, troubleshoot, and resolve issues quickly within complex microservice environments, providing increased engineering efficiency and up to 90% reduction in resolution times. Epsagon was founded in 2018 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 Axonius

New York, New York, United States

Axonius is a cybersecurity asset management platform that gives organizations a comprehensive asset inventory, uncovers security solution coverage gaps, and automatically validates and enforces security policies. By seamlessly integrating with over 300 security and management solutions, Axonius is deployed in minutes, improving cyber hygiene immediately. Axonius was founded in 2017 and is based in New York City.

Buy -