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Nintex Has Acquired Kryon

by sol-admin

Nintex is proud of being the global standard for process intelligence and automation. Last year, Nintex sold a majority stake in the company to TPG Capital. Today, Nintex announces it makes its first acquisition under TPG, the Israel-based process discovery innovator and RPA leader Kryon.

Last year, Kryon’s AI-based and full-cycle RPA achieved leader rankings by industry analyst firms, including Forrester and IDC, who ranked Kryon a leader alongside the three most prominent RPA vendors – UiPath, Automation Anywhere, and Blue Prism – within the recently published IDC MarketScape: Worldwide RPA Software 2021-2022 Vendor Assessment. The Acquisition of Kryon will allow Nintex to extend further the intelligent process automation (IPA) capabilities of the Nintex Process Platform. The deal terms will not be disclosed.

“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.”

Harel Tayeb, CEO, Kryon

“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.”

Eric Johnson, CEO, Nintex