Just two weeks ago, Nintex finalized the acquisition of K2 Software, Inc., an innovative provider of digital process automation (DPA) software solutions. K2 is the largest company we’ve acquired and this is very exciting for every team member at Nintex and our global community of customers and partners.
By combining forces, Nintex is now in the fortunate position of serving more than 10,000 organizations, including more than 50 percent of the Fortune 500, across 90 countries and in every major industry. This acquisition also makes us the world’s largest privately held process automation software vendor, with deep innovation investments funded by more than $200 million in annual recurring revenue.
“It’s exciting to officially bring two technology innovators together to help organizations everywhere solve their process problems and automate work with easy-to-use and powerful software solutions. We look forward to providing our customers and partners with more new and innovative solutions that truly do improve the way people work.”
– Nintex CEO Eric Johnson
Easy and powerful tools to visually map, manage and automate work
With the Nintex Process Platform, organizations in every region of the world are improving how they operate by visually mapping and managing business processes with Nintex Promapp® and accelerating their digital transformation journeys using a powerful, easy-to-use platform that includes mobile apps, digital forms, workflows, robotic process automation (RPA), document automation and eSignatures.
Over 1.5 million users in more than 84 countries, including 30 percent of Fortune 100 companies, have leveraged K2 software solutions to take control of their business processes, increase visibility and improve operational efficiency. Organizations like Ballast Nedam, First Solar, LVMH, Microsoft, and Stihl have benefited from K2’s process automation solutions.
As an example, Microsoft has successfully leveraged K2 Five to build their automated solution to handle the content publication process for Microsoft.com and its global team that operates 450+ eCommerce sites. K2 has helped Microsoft efficiently streamline the product promotion process, saving valuable time and significantly reducing publishing errors by ensuring the right content and asset information is captured from the initial request and accurately represented across its digital stores in 240 markets.
Industry comments on Nintex’s acquisition of K2
Many analysts from major research firms endorsed the acquisition, noting the complementary workflow automation and forms technologies and talent across both Nintex and K2. This has included updates from Forrester, IDC, Aragon Research and 451 Research, “Nintex acquires rival K2, bulking up and furthering consolidation in the automation market.”
Forrester VP, Principal Analyst Rob Koplowitz wrote in his recent blog post, “K2 has thrived in the area of medium- to medium-high-level process automation complexity. Nintex has thrived at the wide end of the DPA market, with a huge customer base, many of which have deployed thousands of applications on the platform.
“Rapidly growing markets offer great opportunities as well as risk. When SharePoint exploded in the 2008 time frame, both Nintex and K2 leveraged the moment and grew rapidly. As we now face another huge market shift, the two will have the opportunity to do it again as teammates instead of competitors.”
Source: Nintex’s Acquisition of K2 Signals Growth And Change For The DPA Market, Forrester Blog, October 1, 2020
IDC Program VP, Integration and Process Automation, Maureen Fleming, said, “Nintex will become the largest privately held provider of process automation software. Combining K2 with Nintex expands the total addressable market available to Nintex as K2’s portfolio brings in the ability to work with more complex data types as well as case management. This combination also shores up the company’s position as a leading provider of process automation and workflow tools running on Azure.”
Source: Nintex to Acquire Competitor K2, IDC Link, doc #lcUS46906820, October 1, 2020
Aragon CEO and Lead Analyst Jim Lundy shared, “Nintex is demonstrating that you can have organic growth and a consolidation strategy at the same time. Nintex’s growth strategy is paying off and this move will further accelerate its plan to become one of the largest providers of process automation. While both firms have geographic distribution, K2 has strong capabilities in Europe that will help to enhance the overall Nintex global customer community and partner ecosystem.”
Source: Nintex Buys Archrival K2 as Process Automation Market Begins Consolidation Phase, Aragon Research, October 6, 2020
Nintex’s commitment to K2 products
We are excited about the future and committed to ensuring every customer and partner that leverages K2 products to automate critical business processes is supported and feels confident in their investment.
In fact, we’re pleased to share that K2 Five will no longer be in maintenance mode and will become a core product in the Nintex portfolio, offering a best-in-class process automation platform for customers in hybrid and on-premises environments.
While we recommend customers upgrade to K2 Five or the cloud to have the best experience, we will be extending the support lifecycle for K2 blackpearl. And, for K2 Cloud/Nexus customers, we are committed to supporting the platform for a minimum of three years and will integrate the best capabilities into next-generation Nintex Workflow Cloud platform.
By combing our deep expertise in automation and Nintex’s track record of market leadership and profitability, there is no stopping how fast we’ll accelerate our pace of innovation in the market.
The future of automation is here.
We’re thrilled to be on this journey with thousands of organizations that want to improve the way people work with process management and automation software from Nintex. It’s an honor to serve you and one that we don’t take lightly.
Should you have unanswered questions about Nintex and our K2 products, email us at K2products@nintex.com or reach out to your Nintex Account Manager or Partner Manager.