Nintex Officially Completes Acquisition of K2 Software
Nintex recently announced that it has completed its acquisition of K2 Software Inc., a provider of digital process automation (DPA) software solutions. K2 is Nintex’s third acquisition since Thoma Bravo became the vendor’s majority investor in early 2018. Nintex currently serves over 10,000 customers, including more than 50 percent of the Fortune 500, making Nintex the world’s largest privately-held process automation software provider.
Nintex offers IPA solutions that strip inefficiencies from a business and replaces them with seamless, sophisticated processes. The easy to use, no-code platform, Nintex Workflow Cloud® allows users to connect with all content repositories, systems of record, and people. Whether on-premise or in the cloud, Nintex offers advanced workflow, document generation, forms for data collection and dissemination, integration with leading cognitive services, process mapping, monitoring, and reporting.
With the Nintex Process Platform, businesses across the world are improving operations by visually mapping and managing processes with Nintex Promapp. The platform also accelerates digital transformation with mobile apps, digital forms, workflows, robotic process automation, document automation, and eSignatures.
In a recent blog post, Forrester VP and Principal Analyst, Rob Koplowitz commented, “K2 has thrived in the area of medium-high-level process automation complexity. Nintex has thrived at the wide end of the DPA market, with a huge customer base, many of which have deployed thousands of applications on the platform. Rapidly growing markets offer great opportunities as well as risk. When SharePoint exploded in the 2008 time frame, both Nintex and K2 leveraged the moment and grew rapidly. As we now face another huge market shift, the two will have the opportunity to do it again as teammates instead of competitors.”
Over 1.5 million users have leveraged K2 software solutions to take control of their business processes, increase visibility, and improve operational efficiency. For example, K2 has enabled Microsoft to efficiently streamline the product promotion process, saving time, and reducing publishing errors by ensuring the right content and asset information is captured from the initial request.
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