Nintex acquires K2 Software

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Process management and automation Nintex has inked a definitive agreement to acquire K2 Software, a provider of digital process automation (DPA) software solutions. Financial terms of the deal were not disclosed.

The transaction is subject to the completion of regulatory review and other closing conditions, said Nintex in a statement.

K2 is Nintex’s third acquisition, since Thoma Bravo became the company’s majority investor in early 2018.

Upon closing, Nintex will serve 10,000 customers, and is expected to generate over $200 million in annual recurring revenue, the company said in a statement.

[Image courtesy: K2]