Automation technology provider Nintex said it will acquire K2 Software Inc. The Bellevue, Wash.-based automation technology provider, in an announcement of the agreement, said K2’s robust developer tools will enable its clients to simplify the creation of updated process applications and automated workflows.
“Enterprises are re-thinking their automation strategy and adding more business process assets to their portfolio,” IDC Program Vice President for Integration and Process Automation Maureen Fleming said in the announcement. “Our forecast for intelligent process automation will reach $30.5 billion by 2024, and we expect to see newer and simpler types of modeling, workflow and case management cloud software factor more heavily into the portfolio mix.”
K2, also based in the Seattle area, claims 1.5 million users in 84 countries. Financial terms of the agreement were not disclosed.