Over 400 customers have chosen Signavio as their business process analysis tool to date. It is a 72% increase compared to the end of the previous year and means that 41% of all customers have chosen Signavio during the past 12 months. The list includes Aerohive, Cisco, Genpact, Western Feedlots and many others. 95% of customers renew their Signavio subscription every year, creating a very stable customer base.
The customer growth is directly impacting the company’s revenue, which is up 73% over the previous year. This is mainly driven by the SaaS offering’s strong growth. 80% of new customers are chosing SaaS over an on-premise deployment.
Subscription revenues grew by 147% over the previous year, now contributing more than 50% of the overall revenue for the first time. Licenses, maintenance and SaaS make 91% of the overall revenue, reflecting Signavio’s focus as a true product company. The remaining 9% are generated by services like trainings and customizations.
The company has grown from the four founders in 2009 to more than 40 employees to date, financed completely out of the company’s cash flow. In order to accommodate further growth, Signavio is moving its headquarters to a larger office these days (now located just across the street from Berlin’s famous KaDeWe).
“Signavio is developing at a very nice pace”, Gero Decker, co-founder and co-CEO, says. “Our expansion to the United States last year has created exciting additional momentum for Signavio. The US business is significantly contributing to customer and revenue growth this year.”
An analyst report by MWD Advisors praised Signavio’s development early this year. Also the investment in cloud-based process automation platform Effektif was a major step forward for the company. Gero Decker on the ambition for the future: “We aim to be the global leader for Business Process Management in the cloud.”