Microsoft acquires process mining vendor Minit

Microsoft announced the acquisition of Minit, a process mining technology vendor.

Minit Process Mining provides capabilities like AI-Powered Root Cause Analysis, Simulations, and  Hierarchical Process Mining. The software can also analyze process data from logs created by enterprise software applications like ERP and CRM. According to a 2020 product update, the software can run its simulation engine on Microsoft Azure.

In announcing the deal, Microsoft’s Justin Graham, GM for Process Insights, wrote that Minit’s capabilities will help organizations “better understand their process data, uncover what operations look like in reality and drive process standardization and improvement across the entire organization to ensure compliance at every step. 

The company was rated highly in a 2021 Everest Group report, placed in the top tier among competitors like UiPath and Celonis.

Minit is funded by Salesforce and others through seed and Series A rounds totaling €10.3M. Microsoft’s M12 venture arm had funded process-focused technology firms including FortressIQ, a process discovery firm that raised $20 million in a Series B in 2020. FortressIQ also has a pre-built Power Automate integration for its process discovery tools.

Microsoft also offers process mining within Power Automate with its process advisor feature.

“We are looking forward to what it means to become part of an industry leader like Microsoft and what that brings us – how we can use that scale and excellence to continue ...