Nintex USA, LLC provides software services. The Company offers document generation, workflow automation, and related software. Nintex entered Gartner Magic Quadrant for RPA as a Niche Player this year. Recently, the company announced it will sell a majority stake in the company to TPG Capital, the private equity platform of global alternative asset firm TPG. The transaction is expected to be completed by the end of 2021, subject to customary closing conditions. To recap, last month one of the RPA leaders, Blue Prism, preferred Vista Equity Partners to TPG Capital as a buyer of the company. Thus we can assume the current deal with Nintex can be related to that case (who knows whether TPG Capital would acquire Nintex if Blue Prism had not chosen Vista).
Nintex’s current majority investor, Thoma Bravo, a leading software investment firm, plans to make a new equity investment in the company and maintain a significant minority interest.
In partnership with TPG Capital, Nintex will invest more R&D resources in its market-leading automation solutions, expand its go-to-market programs, and continue adding complementary process technologies to support demand for its software platform. Nintex is hiring additional talent in engineering, product management, marketing, sales, and customer success. Today, the company has more than 850 team members around the world who have embraced remote and hybrid work models and are committed to ensuring Nintex continues to be a great place to work.
“It is an exciting day for every member of the Nintex global community. Our mission continues to focus on improving the way people work through process management and automation, and with the support of leading software investors like TPG Capital and Thoma Bravo, the future of Nintex is extraordinarily bright. It is a mission-critical time to be a part of the worldwide automation movement and we can’t wait to further delight our customers and partners with continued product innovation and valuable programs that fuel their ongoing success.”
Eric Johnson, CEO, Nintex