Private equity firm Thoma Bravo LLC has acquired a majority stake in Melbourne-based Nintex, a workflow automation software developer that offers intelligence process automation (IPA) products, according to a press release.
Financial terms of the deal were not disclosed. The transaction will see TA Associates, which owns an interest in Nintex, retain an ownership position. The transaction is expected to be completed by the end of March 2018 and is subject to customary closing conditions.
Founded in Melbourne, Australia in 2006, Nintex today counts nearly 8,000 enterprises in 90 countries among its customers who use its software to automate their business processes.
“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.
“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,” Smith added.
The acquisition will see Nintex Chairman and CEO John Burton succeeded by CFO Eric Johnson, a SaaS executive with more than two decades of financial and operational experience at mid- and large-sized software companies. At Nintex, he was key in driving the company’s move to the cloud and subscription pricing. Prior to Nintex, he served as VP of Finance for Jive Software, where he helped lead the company through its IPO process.
Keith Fujinaga, who joined Nintex in January 2017 as VP of Finance, will assume the CFO role. Prior to this, he served as the CFO at ipCreate and VP of Finance at Global Market Insight, Inc. He also has held Director of Finance roles at Microsoft and Penfords.
Nintex has developed automation processes for SharePoint and Office 365. In 2017, it introduced Nintex for Box and Nintex for Salesforce. It has also built deep partnerships with industry leaders such as DocuSign and ServiceMax.