Nintex, a Bellevue-based Workflow Automation, and Intelligent Process Automation (IPA) platform has acquired Orlando-based IT firm EnableSoft that provides RPA solutions (Robotic Process Automation) allowing businesses to strengthen operational efficiency and lower the human capital costs. The acquisition will reinforce EnableSoft’s RPA services.
Unlike other RPA platforms in the marketplace, EnableSoft’s SaaS (Software-as-a-Service) solution, named Foxtrot, offers a no-code library of a large number of actions which allows managers to develop automation for desktop applications, web apps, PDF forms, Excel workbooks, and more. Autonomous software bots then implement that automation, individually or in groups, on the dashboard, while a web-based dashboard tracks their status lines up new jobs. Many of the industries from banking, financial services, healthcare, and others are utilizing its SaaS solution Foxtrot into their business procedures, according to EnableSoft. As part of the acquisition, nearly a 20-person workforce will join the Nintex team that brings the latter to more than 500 employees across the globe, Nintex CEO Eric Johnson said. On this move, he further said that the acquisition of EnableSoft will further allow Nintex to deliver on its strategically planned portfolio of providing a complete process platform that’s renowned all over the industry for managing, automating, and optimizing business processes spread across various departments and industries. Additionally, Johnson expected that the deal will assist Nintex to accomplish the staggering revenue of USD150 million this year.
The acquisition appeared after the Ninetex’s partnership with Adobe that saw native electronic signatures come to its Nintex Sign platform. Since its establishment in the year 2006, this is the third acquisition, following its New Zealand-based business automation firm Promapp acquisition in July last year and workflow automation startup Drawloop that is based in Irvine, CA in 2015.