Nintex Acquires Kryon: RPA Software and Workflow Automation Details
About the seller: Kryon has 180 employees listed on LinkedIn. The company was venture-backed, having raised $40 million in Series C funding in 2019. Kryon's investors included OAK HC/FT, Aquiline Technology Growth and Vertex Ventures.Kryon allows partners and customers to develop unattended RPA bots that automate work. Also, Kryon's process discovery technologies can identify repetitive work processes, visually map those processes, and generate automated workflows.About the buyer: More than 10,000 organizations worldwide use the Nintex Process Platform for process intelligence, automation and optimization capabilities.Private equity firm TPG Capital has owned Nintex since October 2021. Private equity firm Thoma Bravo also maintains a minority stake in the workflow automation software company.Nintex, in turn, has M&A experience. The company acquired K2 Software in October 2020 and AssureSign in June 2021.Nintex Buys Kryon: Executive Perspectives
In a prepared statement about the deal, Nintex CEO Eric Johnson said:"We are excited to welcome the Kryon team and look forward to offering Nintex customers and community members more advanced automation capabilities and automated process discovery technology within our platform. With Kryon's innovative capabilities for RPA and process discovery, we are executing on our strategy to continually expand the breadth and depth of our process platform to ensure organizations in both the public and private sectors gain digital process competitive advantages."
"Our global team is thrilled to join forces with a market-leading software company like Nintex, which also has a strong reputation for being a great place to work in every region of the world. We are ready to quickly infuse our process discovery technology and the next generation of RPA into the Nintex platform to ensure organizations are realizing their fullest digital business potential with intelligent automation."
