German SaaS major Celonis marks India entry with $100 mn investment plan

German SaaS (software as a service) major Celonis on Monday said it will invest $100 million in India over the next two-three years.

Founded in 2011, the company — currently valued at over $11 billion — aims to set up a ‘global centre of excellence’ in India with 1,000 employees.

“India has 50 of Fortune 2,000 companies and more than 335 companies in the country are valued at over a billion dollars. The combination of these two factors makes the country one of the most attractive markets for process mining software,” said Celonis Founder Bastian Nominacher.

“Every significant process innovation wave, from client server to the internet, to the cloud has gone through the heart of the India business process industry,” he added.