Nintex acquires Kryon

Process intelligence and automation vendor Nintex has acquired Kryon Systems, a robotic process automation vendor, for an undisclosed amount. The acquisition of Kryon, based in Tel Aviv, Israel, is Nintex's first major acquisition under its new majority investor TPG.

Being acquired by Nintex will help Kryon remain competitive in the RPA market. Kryon caters to Fortune 500 organizations in industries including finance, insurance and telecommunications. Its customers include AIG and Verizon.

Kryon has been focused on combining process mining with RPA for a while. However, much bigger competitors such as UiPath and Automation Anywhere have been able to add process mining capabilities with acquisitions.

Kashyap Kompella, an analyst at RPA2AI Research, said, “Through current and future acquisitions, Nintex is putting together the scale and the story for going public. With the acquisition of Kryon, Nintex is adding process mining and RPA capabilities alongside their existing process management and document automation solutions.”

Instead of an RPA-first strategy for automation, enterprises are examining which automation approaches serve them the best, and deciding whether they want RPA tools, low-code automation systems, business process management platforms or serverless approaches.