Nintex acquires Kryon to boost intelligent process automation capabilities for the Nintex Process Platform
Nintex, the global standard for process intelligence and automation, announced it is acquiring Kryon, a process discovery innovator and robotic process automation (RPA) leader. This acquisition further extends the intelligent process automation (IPA) capabilities of the Nintex Process Platform.
"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," said Nintex CEO Eric Johnson. "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."
With Kryon's RPA offerings, organizations are putting powerful and AI-driven attended and unattended RPA bots to work to generate fast ROI, and with Kryon's process discovery technologies, companies can automatically identify repetitive work processes, visually map the main path and variants of any given process, evaluate the suitability of the process for automation, and instantly generate workflows.
"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," said Kryon CEO Harel Tayeb. "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."
Kryon serves Fortune 500 companies across industries like financial services, insurance and telecommunications including industry leaders like AIG, Verizon, LTCG, and CP All who leverage the company's RPA technology, process discovery, and RPA-as-a-Service solutions to understand and improve their operations, resulting in significant time and cost savings.
Kryon is Nintex's first acquisition under its new majority investor TPG, and the company's third acquisition in 16 months.
Nintex acquired K2 Software, Inc. in Oct. 2020 to deepen its digital process automation (DPA) capabilities and AssureSign in June 2021 to bring native eSignatures to its platform, now marketed as Nintex AssureSign.
Baird is serving as financial advisor to Nintex. Evercore is serving as financial advisor to Kryon. Ropes & Gray and Gornitzky & Co. are serving as legal counsel to Nintex, and Goldfarb Seligman is serving as legal counsel to Kryon. Deal terms will not be disclosed.
For more information about this news, visit www.nintex.com.