Signavio has raised $177m in equity financing from Deutsche Telekom Capital Partners and Apax Digital to further develop its business process management software.

Germany-based business process modelling software developer Signavio yesterday collected $177m in a series C round backed by Deutsche Telekom Capital Partners, the corporate venturing arm of telecommunications firm Deutsche Telekom. Apax Digital, the growth equity division of private equity firm Apax Partners, led the round. The transaction remains subject to customary closing conditions and is…

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