SAP Is Said to Pursue 1 Billion-Euro Cloud Startup Signavio (1)

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.

Shares of SAP were up 0.6% at 4:44 p.m. in Frankfurt, giving the company a market value of about 129 billion euros. Negotiations are ...