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SAP in Talks to Buy Apax-Backed Cloud Startup Signavio

  • Purchase of Signavio could be announced as soon as this week
  • Deal could value software company at about 1 billion euros
    
Photographer: Balint Porneczi/Bloomberg
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SAP SE is in talks to acquire German enterprise software company Signavio as it seeks to expand its cloud offerings, people with knowledge of the matter said.

An agreement to acquire Berlin-based Signavio could be announced as soon as this week, according to the people, who asked not to be identified because the information is private. A deal could value Signavio, whose backers include Apax Partners, at about 1 billion euros ($1.2 billion), the people said.