Seattle-based Nintex buys Auckland-based Promapp
- 01 August, 2018 07:18
Ivan Seselj (Promapp)
Intelligent process automation software vendor Nintex has acquired Promapp, a business process management software company based in Auckland.
Promapp will help Nintex customers more effectively automate, orchestrate and optimise business processes across organisations while integrating with the world’s leading business ecosystems and apps, Nintex said today.
Based in Auckland, Promapp helps more than 500 organisations worldwide map and manage processes through its cloud based software, improving areas such as risk management, quality assurance and business continuity.
“Our acquisition of Promapp creates tremendous opportunities for companies to visually map and better manage every business process,” said Eric Johnson, CEO of Nintex.
”By bringing together the power of the Nintex Platform with Promapp, our customers and partners can easily design, deploy and manage their business processes and address process automation scenarios that have been difficult or expensive to solve.”
The terms of the deal have not been disclosed.
Promapp was founded in 2002 by Ivan Seselj and is co-owned by Richard Holmes, both process experts from global consulting firms.
As a private company, its sales and profit figures are not publicly available. One website, however, estimates Promapp's sales at around US$30 million.
The technology’s navigation, dashboard, and process ownership features make it easy to use, with one-click process editing features, Nintex said.
“The Promapp team is excited to join Nintex as our process excellence culture and passion for customer success are perfectly aligned," Promapp founder Ivan Seselj said.
Nintex plans to maintain Promapp’s offices in Auckland, Austin, San Francisco and Sydney and will relocate the Promapp teams in Melbourne and London to Nintex’s offices in those cities.
In addition, the company plans to integrate the technologies quickly and will accelerate enhancements of the Promapp solution to benefit the company’s customers, including Coca Cola, Johnson & Johnson, McDonald’s and Toyota.
“I have long believed that business processes, like applications, need to be valued as a portfolio of assets," added Carl Lehmann, principal analyst at 451 Research.
"That means they need to be properly documented, designed and modified using lifecycle management techniques.
"The capabilities enabled by Promapp combined with workflow automation technology like that from Nintex should enable modern enterprises to do just that."