Nintex Acquisition, Valuation, Funding & Investors

Nintex was acquired by TPG for $2B in October 2021, a 8.0x multiple on $250M of revenue.

Nintex acquisition price

$2B

Acquired by TPG · Oct 2021

Nintex revenue at acquisition

$250M

Last twelve months · Oct 2021

Nintex revenue multiple at acquisition

8.0x

EV/Revenue · Oct 2021

Cumulative funding Nintex raised

$135M

across 1 funding round

Nintex Overview

About Nintex

Nintex is a workflow automation platform enabling no-code process design across Microsoft 365 and SharePoint. Bellevue-headquartered, it offers drag-and-drop builders for approval chains, document generation, and RPA bots. The software integrates with Salesforce, ServiceNow, and DocuSign, promoting governance with version control. Nintex powers digital forms and analytics dashboards for compliance tracking in enterprises.


Founded

2006

HQ

United StatesSeattle, WA

Website

nintex.com

Status

Acquired

Customer focus

B2B

Revenue model

Subscription

Revenue

$250M (Oct 2021)

Valuation

$2B (acquired Oct 2021)

Nintex Acquisition

Nintex was acquired by TPG for $2B on 5 October 2021.

The acquisition price implies a 8.0x revenue multiple on $250M of revenue.

Before the acquisition Nintex had raised $135M across 1 funding round.

Nintex is a Bellevue, Washington-based provider of digital process automation software, offering workflow automation, intelligent forms, eSignatures, robotic process automation (RPA), and process mapping tools through its Nintex Process Platform. The company serves over 10,000 organizations across industries including government, healthcare, financial services, technology, and manufacturing, with more than 850 employees at the time of the deal announcement. Under prior majority owner Thoma Bravo since 2018, Nintex completed four strategic acquisitions: Promapp for process mapping, K2 for advanced workflow tools, RPA technology recognized in the 2021 Gartner Magic Quadrant, and AssureSign for e-signatures. In October 2021, TPG Capital agreed to acquire a majority stake in Nintex from Thoma Bravo, which reinvested to retain a significant minority interest; the transaction was expected to close by year-end subject to customary conditions. Zinnov reported the deal value at over USD 2 billion. TPG plans to support Nintex's growth through increased R&D investment, go-to-market expansion, talent acquisition in engineering, product, marketing, and sales, and further acquisitions in process technologies. TPG views Nintex as a leader in enterprise automation, aligning with its software investment theme. The deal reflects heightened private equity interest in the automation sector, following transactions like Vista Equity's acquisition of Blue Prism. Nintex reported over $250 million in annual sales near the announcement, positioning it for potential future value creation, with Zinnov noting TPG's ambitions for an IPO at $10 billion valuation.

Nintex acquisition details
AcquirerDateTypePriceEV/Revenue
5 Oct 2021PE buyout$2B8.0x

Nintex Funding History

Nintex has raised a total of $135M across 1 funding round.

Nintex funding rounds

Nintex funding rounds
DateStageInvestorsRaisedDeal Summary
Mar 2013Undisclosed stageTA Associates (lead); Updata Partners (lead)$135MNintex is a software company specializing in process automation, workflow automation, RPA (robotic process automation), and digital transformation solutions, with platforms built around Microsoft SharePoint, Salesforce, and cloud environments including Office 365 and Azure. The company provides capabilities for process management, intelligent document generation, forms, and e-signature functionality, serving enterprise customers across multiple industries. Nintex's March 27, 2013 funding round valued the company at $222 million, representing an acquisition-financing event with participation from TA Associates and Updata Partners. At the time of this valuation milestone, Nintex had established itself as a recognized player in the enterprise automation and workflow management space. Historical revenue data indicates the company generated $115 million in 2018, demonstrating sustained business growth beyond the 2013 valuation point. Current estimates place Nintex's annual revenue in the range of $230–$300 million, with approximately 1,000–2,000 employees supporting its global operations.

Who has invested in Nintex?

2 investors have backed Nintex across its funding rounds, including TA Associates and Updata Partners.

Lead investors include TA Associates and Updata Partners.


Nintex Investors

Investors in Nintex by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Nintex

Nintex has acquired 7 companies to date.

Last acquisition by Nintex was on December 12th 2023. Nintex acquired Skuid for undisclosed valuation.


Latest Acquisitions by Nintex

Skuid
Kryon
AssureSign
K2
Description
Skuid is a low-code platform for building enterprise applications that integrate data from Salesforce, Oracle, and AWS. Founded in 2013 and headquartered in Boulder, Colorado, the company serves over 200 enterprises across 32 countries with tools for custom UI development and process automation. Sales teams at companies like ADP and ServiceNow use Skuid to create dynamic dashboards and mobile apps, replacing traditional Salesforce Lightning components.
Kryon is a provider of intelligent Robotic Process Automation platforms now integrated into Nintex following its 2021 acquisition. The Kryon Hyperbot platform combines visual process discovery, deep learning AI, and no-code automation to handle attended, unattended, and hybrid workflows across enterprise applications. It supports dynamic process adaptation without retraining, achieving sub-second response times for tasks in finance, HR, and customer service. Deployed by Fortune 500 firms in sectors like banking and healthcare, the solution processes millions of transactions daily with error rates below 0.1 percent. Headquartered in Tel Aviv with offices in New York and London, Kryon enables scalable digital workforce augmentation.
AssureSign is a cloud-based electronic signature service capturing biometric hand signatures for legally binding document execution. It generates forensic audit trails tracking delivery, viewing, and signing timestamps across global signatories. The platform supports multi-party workflows with automated reminders and integrates with CRM systems for contract management in real estate, finance, and legal sectors.
K2 is a Bellevue, Washington-headquartered provider of a cloud-based digital process automation platform. The platform enables organizations to build workflow applications, automate approvals, and integrate with systems like Microsoft 365 and Salesforce. Trusted by thousands of enterprises worldwide, including 30% of the Fortune 500 such as Coca-Cola and Philips, it supports industries from finance to healthcare. Acquired by Nintex in 2020, K2 continues to deliver low-code tools for operational efficiency across more than 80 countries.
HQ CountryUnited StatesUnited StatesUnited StatesUnited States
HQ City
Chattanooga, TN
New York City, NY
Atlanta, GA
Seattle, WA
Deal Date12 Dec 202315 Feb 20222 Jun 20211 Oct 2020
Valuationundisclosed$100Mundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Nintex Competitors

Nintex competitors include listed companies like Proto Labs and Glodon Co, and private ones like Exotec, SafetyCulture, Divergent and Quicktron Robotics.

Public and private companies comparable to Nintex
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ExotecFranceLillePrivate$100M-$2B20.0x
Proto LabsUnited StatesUnited StatesPublicly listed$533M$65M$2.1B3.4x
Glodon CoChinaChinaPublicly listed$909M$141M$2.1B1.8x
SafetyCultureAustraliaSydneyPrivate$84M-$1.8B21.1x
DivergentUnited StatesLos Angeles, CAPrivate--$2.3B-
Quicktron RoboticsChinaShanghaiPrivate--$2.3B-

Nintex Public Comps

Nintex is no longer listed, but its public comps include Proto Labs, Glodon Co, Harbin Boshi Automation, KPIT Technologies, Zwsoft, Imdex, Inesa Intelligent Tech, Vitec Software, Qt Group and GuoChuang Software.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Proto Labs$533M$65M3.6x3.4x29.6x21.3x
Glodon Co$909M$141M1.8x1.8x11.4x9.8x
Harbin Boshi Automation$422M$106M3.5x3.5x14.0x11.4x
KPIT Technologies$673M$128M2.3x2.2x11.8x11.3x
Zwsoft$133M$12M7.4x6.9x79.9x49.1x
Imdex$370M$94M3.7x3.6x14.6x11.4x
Inesa Intelligent Tech$947M$41M2.9x3.0x67.3x-
Vitec Software$371M$151M3.7x3.5x9.1x9.0x

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Common questions about Nintex

When was Nintex founded?Nintex was founded in 2006.
Where is Nintex headquartered?Nintex is headquartered in Seattle, WA, United States.
Is Nintex publicly listed?No, Nintex was acquired by TPG in October 2021.
Who acquired Nintex?Nintex was acquired by TPG in October 2021.
How much was Nintex acquired for?Nintex was acquired for $2B in October 2021, a 8.0x revenue multiple.
How much funding has Nintex raised?Nintex has raised $135M across 1 funding round.
What was Nintex's last funding round?Nintex's last funding round was a $135M undisclosed-stage round in March 2013, led by TA Associates and Updata Partners.
Who are Nintex's investors?Nintex's investors include TA Associates and Updata Partners.
Which companies are comparable to Nintex?Companies comparable to Nintex include Exotec, Proto Labs, Glodon Co, SafetyCulture, Divergent and Quicktron Robotics.
How many companies has Nintex acquired?Nintex has acquired 7 companies, including Skuid, Kryon, AssureSign, K2 and EnableSoft.
What was the largest acquisition by Nintex?The $100M acquisition of Kryon in February 2022 is the largest acquisition Nintex has made to date.

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