--Addition of AI-enabled Process Discovery Technology Furthers Nintex's 
Position as the Process System of Record for Commercial Enterprises and 
Government Agencies 

Nintex, the global standard for process intelligence and automation, announced 
the company has acquired Kryon, a process discovery innovator and robotic 
process automation (RPA) leader, to further extend the intelligent process 
automation (IPA) capabilities of the Nintex Process Platform.

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"We are excited to welcome the Kryon team and look forward to offering Nintex 
customers and community members more advanced automation capabilities and 
automated process discovery technology within our platform," said Nintex CEO 
Eric Johnson. "With Kryon's innovative capabilities for RPA and process 
discovery, we are executing on our strategy to continually expand the breadth 
and depth of our process platform to ensure organisations in both the public 
and private sectors gain digital process competitive advantages."

Today, more than 10,000 organisations worldwide leverage the easy-to-use and 
powerful capabilities of the Nintex Process Platform ( 
https://c212.net/c/link/?t=0&l=en&o=3443382-2&h=1721546268&u=https%3A%2F%2Fwww.nintex.com%2Fprocess-automation%2F&a=Nintex+Process+Platform 
) for their process intelligence, automation and optimisation needs, rapidly 
solving enterprise-wide process problems by delivering modern digital business 
and automated solutions that help them to better serve customers and to retain 
and recruit talent – thanks to the platform's low-code design tools for IT, 
process and operations professionals as well as business analysts.

"Our global team is thrilled to join forces with a market-leading software 
company like Nintex, which also has a strong reputation for being a great place 
to work in every region of the world," said Kryon CEO Harel Tayeb. "We are 
ready to quickly infuse our process discovery technology and the next 
generation of RPA into the Nintex platform to ensure organisations are 
realising their fullest digital business potential with intelligent automation."

Kryon serves Fortune 500 companies across industries like financial services, 
insurance and telecommunications including industry leaders like AIG, Verizon, 
LTCG, and CP All who leverage the company's RPA technology, process discovery, 
and RPA-as-a-Service solutions to understand and improve their operations, 
resulting in significant time and cost savings.

With Kryon's RPA offerings, organisations are putting powerful and AI-driven 
attended and unattended RPA bots to work to generate fast ROI, and with Kryon's 
process discovery technologies, companies can automatically identify repetitive 
work processes, visually map the main path and variants of any given process, 
evaluate the suitability of the process for automation, and instantly generate 
workflows.

Kryon's AI-based and full cycle RPA has achieved leader rankings by industry 
analyst firms including Forrester(1) and IDC(2), who ranked Kryon a leader 
alongside the three largest RPA vendors – UiPath, Automation Anywhere, and Blue 
Prism – within the recently published IDC MarketScape: Worldwide RPA Software 
2021-2022 Vendor Assessment.

Maureen Fleming, Program VP for IDC's IPA research and 2021-2022 IDC 
MarketScape RPA author, recognises Kryon in the report for the company's 
"strong customer satisfaction, a position as an innovator in RPA, and strong 
capabilities supporting the depth and ease of use for both professional 
developers and business users."

Kryon is Nintex's first acquisition under its new majority investor TPG ( 
https://c212.net/c/link/?t=0&l=en&o=3443382-2&h=170005158&u=https%3A%2F%2Fnews.nintex.com%2F2021-10-05-TPG-Agrees-to-Make-Majority-Investment-in-Digital-Process-Automation-Leader-Nintex&a=new+majority+investor+TPG 
), and the company's third acquisition in 16 months. Nintex acquired K2 
Software ( 
https://c212.net/c/link/?t=0&l=en&o=3443382-2&h=983557219&u=https%3A%2F%2Fwww.nintex.com%2Fprocess-automation%2Fk2-software%2F&a=K2+Software 
), Inc. in Oct. 2020 to deepen its digital process automation (DPA) 
capabilities and AssureSign in June 2021 to bring native eSignatures to its 
platform, now marketed as Nintex AssureSign (R) ( 
https://c212.net/c/link/?t=0&l=en&o=3443382-2&h=3994305016&u=https%3A%2F%2Fwww.nintex.com%2Fprocess-automation%2Fe-signature%2F&a=Nintex+AssureSign 
).

Baird is serving as financial advisor to Nintex. Evercore is serving as 
financial advisor to Kryon. Ropes & Gray and Gornitzky & Co. are serving as 
legal counsel to Nintex, and Goldfarb Seligman is serving as legal counsel to 
Kryon. 

Deal terms will not be disclosed.

Media Contact
Kristin Treat
Nintex 
kristin.treat@nintex.com 
cell: +1 (215) 317-9091 

About Nintex
Nintex is the global standard for process intelligence and automation. Today 
more than 10,000 public and private sector organisations across 90 countries 
turn to the Nintex Process Platform to accelerate progress on their digital 
transformation journeys by quickly and easily managing, automating and 
optimising business processes. Learn more by visiting www.nintex.com and 
experience how Nintex and its global partner network are shaping the future of 
Intelligent Process Automation (IPA).

Product or service names mentioned herein may be the trademarks of their 
respective owners.

1. The Forrester Wave(TM): Robotic Process Automation, Q1 2021
2. IDC MarketScape: Worldwide Robotic Process Automation Software 2021-2022 
Vendor Assessment, November 2021, IDC #US45922220

SOURCE: Nintex