Capital from Invus will accelerate growth across key markets of the US and Europe
Bizagi, the leading enterprise software company for digital transformation, today announces the closing of a $48 million USD minority investment by private equity firm, Invus.Bizagi will use the new capital to accelerate growth across focus markets – the US and Europe.
Bizagi’s market leading digital process automation software is used by almost one million users across many of the world’s largest businesses including adidas, Aon plc, Old Mutual and Kaiser Permanente. Bizagi helps enterprises thrive in the digital era through its digital process automation platform that connects people, applications, devices and information to deliver the engaging experience that today’s customers demand.
Invus has an excellent track record of investing in rapid growth companies with proven business models. The private equity firm is renowned for its selective approach and the investment in Bizagi comes at a time when the company can accelerate its growth in the thriving process automation market. Leading research firm Forrester, predicts that the market will grow to $2.9BN by 2021 and Bizagi’s strong customer base and best-in-class digital process automation software means it’s well-positioned to capitalize on this boom.
“Bizagi was founded with one goal in mind – to become the market-leader in enterprise software for digital transformation. We have reached many significant milestones as we’ve grown as an organization and now work with some of the largest businesses in the US and around the globe. However, we recognize the unique opportunity today’s market provides us to boost growth and Invus’ backing will help further scale our software platform and accelerate expansion in our key markets,” commented Gustavo Gomez, CEO and co-founder of Bizagi. “As organizations strive to digitally transform, many are turning to innovative cloud and artificial intelligence (AI) solutions that empower both business and IT users to drive the change across their operations”
Founded in 1989, Bizagi now employs over 400 people with global headquarters in the UK and regional offices across Europe, US and Latin America. It is led by a highly experienced management team and supported by a growing implementation partner network worldwide.
GP Bullhound, the European technology investment bank, acted as the exclusive financial advisor to Bizagi on its growth equity investment from Invus.