Thoma Bravo has acquired a majority stake in Australia-based workflow automation platform Nintex.
Founded in 2006, the company offers businesses with a workflow automation software that can be connect people and departments across the cloud, Office 365 and SharePoint. Financial services can use the technology to help with tasks such as invoice processing, contract management, expense management, budgeting, mergers and acquisitions and vendor approvals, among others.
The Nintex platform is used by a range of industries including as banking, insurance, pharmaceuticals, government, manufacturing and healthcare, among others. Currently, around 8,000 enterprises use the automation software across 90 countries, according to the company.
Thoma Bravo partner Hudson Smith said, “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.â€
The company is looking to continue its growth and drive its expansion strategy. Following the transaction, Nintex CFO Eric Burton will become the new CEO, and vice president of finance Keith Fujinaga will serve as the new CFO.
Burton has had two decades in financial and operational positions, and during his time at Ninetex he has helped drive the transition to the cloud and subscription pricing. Prior to the company, Burton was the vice president of finance at Jive Software.
Earlier in the year, Thoma Bravo acquired payment processing solution provider ABC Financial, in an undisclosed deal. The company, which helps to connect payments and club memberships in a single platform, hopes the capital with help expand its global presence.
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