Nintex to amass low-code course of automation supplier K2 Software program
The method administration and automation firm Nintex is bolstering its portfolio with the addition of K2 Software program, a digital course of automation software program supplier.
With K2 Software program, Nintex hopes to assist greater than 10,000 prospects with 50% of the Fortune 500, and generate over $200 million in annual recurring income.
“We’re excited to be bringing collectively main innovators within the digital course of automation software program market,” mentioned Nintex CEO Eric Johnson. “Upon closing, Nintex and K2 prospects and companions will profit from a fair broader vary of course of administration and automation options. The mixture of our respective growth groups will additional speed up our tempo of innovation on this rising market.”
Nintex is understood for its course of platform that allows customers to visually map and handle enterprise processes in addition to speed up digital transformation. The Nintex Platform options course of mapping, course of collaboration, digital kinds, cellular apps, superior workflows, robotic course of automation, eSignature capabilities, and course of intelligence.
K2 Software program is a low-code course of automation software program supplier that manages the stream of labor, goals to take away information silos, and automate at scale. It permits customers to shortly develop options with out advanced configuration or coding needed, supplies visible software design, and permits the reuse of kinds, workflow and integration connectors.
“We’re trying ahead to delivering even larger worth to our K2 prospects by becoming a member of forces with Nintex,” mentioned K2 CEO and President Evan Ellis. “Combining Nintex’s resolution portfolio with K2’s complementary applied sciences will additional improve what industrial enterprises and authorities companies can obtain by means of the facility of digital course of automation.”
The businesses hope to shut the transaction within the subsequent coming weeks.