Microsoft Acquires Process Mining Vendor Minit To Grow Its Automation Offerings
Signaling its ambitions in the process automation market, Microsoft has acquired Minit, a Bratislava, Slovakia-originated process mining technology vendor, for an undisclosed sum, the companies announced today. Microsoft says that the purchase will “further empower” it to “help … customers digitally transform” by creating a more complete picture of their processes — and identifying which of those processes are ripe for automation.
“Minit currently enables businesses to transform the way they analyze, monitor and optimize their processes. Minit’s solutions have helped businesses gain deep insights into how processes run, uncover root causes of operational challenges and help mitigate undesired process outcomes,” Justin Graham, Microsoft’s general manager of process insights, wrote in a post on Microsoft’s corporate blog. “[With Minit, our] customers will be able to better understand their process data, uncover what operations look like in reality, and drive process standardization and improvement across the entire organization to ensure compliance at every step.”
Microsoft dipped its toes into process mining with the launch of new features in Power Automate in 2019 and the acquisition of Softomotive, an RPA software provider, a year later. But with Minit, the tech giant is doubling down on a software category that could be worth over $11 billion by 2030, according to a report from Polaris Market Research.
It wasn’t immediately clear whether the whole of the Minit team will join Microsoft — or, indeed, whether the company will remain spread across its current locations. (Minit is now headquartered in Amsterdam, with satellite offices in London and New York.) But CEO James Dening said that customers shouldn’t expect a change in the level of support they’re currently receiving.
“We are looking forward to what it means to become part of an industry leader like Microsoft and what that brings us — how we can use that scale and excellence to continue to deliver great solutions to our customers,” Dening wrote in a blog post on Minit’s website. “It has been a privilege to lead the company for the last year, and I’m excited to continue my journey with the team, as part of what I consider to be the world’s leading software company.”
Credit To TechCrunch
