IT Brief New Zealand - Technology news for CIOs & IT decision-makers
Story image
Nintex acquires discovery innovator and RPA company Kryon
Thu, 17th Feb 2022
FYI, this story is more than a year old

Nintex has announced the acquisition of Kryon, a process discovery innovator and robotic process automation (RPA) company, to further extend the intelligent process automation (IPA) capabilities of the Nintex Process Platform.

"We're 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," says Nintex CEO, Eric Johnson.

"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 organisations in both the public and private sectors gain digital process competitive advantages."

He says today, more than 10,000 organisations worldwide leverage the capabilities of the Nintex Process Platform for their process intelligence, automation and optimisation needs. Rapidly solving enterprise-wide process problems by delivering modern digital business and automated solutions that help them better serve customers and retain and recruit talent.

Kryon CEO, Harel Tayeb, says, "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're ready to quickly infuse our process discovery technology and the next generation of RPA into the Nintex platform to ensure organisations realise their fullest digital business potential with intelligent automation."

Kryon serves Fortune 500 companies across financial services, insurance and telecommunications, including AIG, Verizon, LTCG, and CP. All use the company's RPA technology, process discovery, and RPA-as-a-Service solutions to understand and improve their operations.

"With Kryon's RPA offerings, organisations are putting powerful, and AI-driven attended and unattended RPA bots to work to generate fast ROI," says Johnson. "And with Kryon's process discovery technologies, companies can automatically identify repetitive work processes, visually map the main path and variants of any given process, evaluate the suitability of the process for automation, and instantly generate workflows."

Kryon's AI-based and full-cycle RPA has achieved leader rankings by industry analyst firms, including Forrester and IDC, who ranked Kryon alongside the three largest RPA vendors UiPath, Automation Anywhere, and Blue Prism within the recently published IDC MarketScape: Worldwide RPA Software 2021-2022 Vendor Assessment.

Maureen Fleming, program VP for IDC's IPA research and 2021-2022 IDC MarketScape RPA author, recognises Kryon for the company's strong customer satisfaction, a position as an innovator in RPA, and strong capabilities supporting the depth and ease of use for both professional developers and business users.

Kryon is Nintex's first acquisition under its new majority investor TPG and its third acquisition in 16 months. Nintex acquired K2 Software in October 2020 to strengthen its digital process automation (DPA) capabilities and AssureSign in June 2021 to bring native eSignatures to its platform, now marketed as Nintex AssureSign.