Kryon, an Israeli startup that develops a process discovery innovator and robotic process automation (RPA) platform, has been acquired by the American company Nintex, which works in the field of process intelligence and automation, for as much as $100 million. The actual details of the transaction have not yet been revealed, but Globes cites sources as saying that the company went for $75 million and according to Calcalist the price was more like $100 million.
Kyron has raised $75 million in investments to date.
Founded in 2008 by Harel Tayeb, Kyron offers what the company says is the only unified platform on the market which encompasses Process Discovery and Robotic Process Automation (RPA). The Kryon Full-Cycle Automation. RPA is a software technology that aids programmers in the development, deployment and management of manage software robots that emulate humans’ actions interacting with digital systems and software. Process Discovery refers to a set of tools and techniques that can be used to define, map and analyze the processes of an organization.
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— Nintex (@Nintex) February 15, 2022
“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 organizations in both the public and private sectors gain digital process competitive advantages.”
“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 organizations are realizing their fullest digital business potential with intelligent automation.”