Nintex, a Melbourne, Australia-based intelligent process automation (IPA) platform, is to receive a majority investment from private equity Thoma Bravo, LLC.
The amount of the deal – which is expected to be completed by the end of March 2018 subject to customary closing conditions – was not disclosed.
Founded in in 2006, Nintex provides a cloud based intelligent process automation platform serving nearly 8,000 enterprises in 90 countries. The platform enables the line of business and IT departments to quickly automate, orchestrate and optimize hundreds of manual processes to progress on the journey to digital transformation. Nintex Workflow Cloud®, the company’s cloud platform, connects with all content repositories, systems of record, and people to consistently accelerate business outcomes.
Nintex Chairman and CEO John Burton upon closing of the transaction will transition the CEO role to Eric Johnson, who has served as Nintex CFO for the last four years. Johnson is a proven SaaS executive with more than two decades of financial and operational experience at mid- and large-sized software companies.
Keith Fujinaga, who joined Nintex in January 2017 as VP of Finance, will assume the CFO role.
TA Associates will retain an ownership position in the company following the transaction.