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Private Equity Firm Thoma Bravo takes majority stake in process automation vendor Nintex

by MSDW Reporter
Editorial Team,

Private equity investment firm Thoma Bravo has taken a majority stake in process automation vendor Nintex.

Nintex is known for its deep Microsoft ecosystem roots, building its legacy of SharePoint-based workflow technology early on and its expansion in recent times to broader and more sophisticated intelligent process automation capabilities in the cloud.

"For several years, we've watched Nintex pioneer the workflow and content automation category by delivering best-in-class technology and evolving to the cloud, all while producing impressive growth and financial results," said Thoma Bravo Partner Hudson Smith in a statement. "We firmly believe that process automation is highly achievable for many more thousands of enterprises through the Nintex Workflow Cloud.  Our goal is to help Nintex achieve its strategic objectives and vision through leveraging the experience and resources of Thoma Bravo.  We're excited to become the company's lead investor in its next phase of growth."

The transaction is expected to be completed by the end of March 2018 subject to customary closing conditions, the company said in a statement. Upon closing, the CEO role will transfer from Nintext chairman John Burton to Eric Johnson, who has served as Nintex CFO for the last four years. Prior to Nintex, he served as VP of Finance for Jive Software and as VP of Worldwide Sales Operations at Serena Software. 

For Thoma Bravo, the new investment entrenches the firm deeper in the Microsoft channel. The firm announced its acquisition of Kofax from Lexmark International in May of 2017, a deal that gave them Kofax, ReadSoft, and Perceptive Software. The Kofax brand in particular remains ...

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