Nintex has announced a definitive agreement to acquire K2 Software Inc., a provider of digital process automation (DPA) software solutions.
K2 is Nintex’s third acquisition since Thoma Bravo became the company’s majority investor in early 2018. Upon closing this transaction, Nintex will serve more than 10,000 customers including approximately 50 percent of the Fortune 500 and will generate over $200 million in annual recurring revenue, making Nintex one of the largest independent software vendors for process automation.
“We are excited to be bringing together leading innovators in the digital process automation software market,” said Nintex CEO Eric Johnson. “Upon closing, Nintex and K2 customers and partners will benefit from an even broader range of process management and automation solutions. The combination of our respective development teams will further accelerate our pace of innovation in this growing market.”