List of all process mining company acquisitions [Updated for 2024]

Lari Numminen

October 2, 2023

[Updated 2 October, 2023]

As more companies digitalize their business operations process mining software has become one of the most in-demand fields of investment in enterprise technology. According to a recent study by the analyst firm HFS Research process mining and discovery has become the top area for development in enterprise organizations across the world.

As investment in the process mining market heats up it has also resulted in some notable mergers and acquisitions (M&A), with software giants such as SAP, Microsoft and IBM all making investments in the field. In this article we outline all the process mining companies that have been acquired or have merged with other companies.

Timeline of process mining mergers and acquisitions
Timeline of process mining software acquisitions 2019 - 2023

How large is the process mining software market?

Process mining is the application of data mining techniques to the field of business process management. It emerged as it's own market of software development in the early 2000s thanks to breakthroughs in data mining algorithms and the expansion of cloud-based business intelligence and analytics platforms.

After two decades of steady market growth process mining has emerged as one of the hottest areas of enterprise software development.Different analyst firms have their own estimates on the size of the industry - and most would agree that by 2023 it has become a multi-billion dollar market.

Gartner estimates the process mining market will grow to $2.3 billion by 2025, with a double-digit compound annual growth rate (CAGR) of 33%. Gartner views key drivers continue to be accelerated digital transformation efforts, growing needs for process visibility and increasing demands for operational resilience.1

As the process mining market has grown it has also attracted a considerable amount of mergers and acquisitions (M&A.) Below is a comprehensive list of process mining companies that have been acquired between 2019 and 2023.

ProcessGold Process Mining

ProcessGold was a process mining software company based in Eindhoven, Netherlands that specialized in providing process mining and process optimization solutions for businesses. The software helped companies to gain insights into their business processes by analyzing data from various sources, such as ERP systems and log files, to provide a visual representation of the process flow. With this information, companies could identify bottlenecks, inefficiencies, and areas for improvement in their processes.

The ProcessGold solution including process mining, process monitoring and business intelligence functionality was packaged together under the name ProcessGold Enterprise Platform.

In 2021, ProcessGold was acquired by UiPath, a company that specializes in Robotic Process Automation (RPA) software. The acquisition allowed UiPath to expand its process mining capabilities and offer more comprehensive solutions to its customers.

When was ProcessGold founded: 2016

Estimated funding in ProcessGold: Unknown

Who acquired ProcessGold? UiPath

When was ProcessGold acquired? 1 October, 2019

What was the acquisition price of ProcessGold? Undisclosed price

Signavio

Signavio was a Business Process Management software company founded in Berlin, Germany in 2009. The software included features such as process modeling and simulation, process analysis, and process automation.

Signavio's platform also included process mining capabilities, which allowed users to extract insights from data and automatically identify inefficiencies in their processes. Signavio also provided collaboration and decision-making tools for process design and improvement, allowing for better collaboration and decision-making throughout the process improvement lifecycle. The company also offered a range of additional tools and services, such as workflow automation.

The company was acquired by SAP in March 2021. Today the solution goes by the name SAP Signavio.

When was Signavio founded: 2013

Estimated funding in Signavio: Unknown

Who acquired Signavio? SAP

When was Signavio acquired? 5 March, 2021

What was the acquisition price of Signavio? Undisclosed price

MyInvenio Process Mining

MyInvenio was a software company based out of Reggio Emilia, Italy. Since its establishment in Italy in 2013, MyInvenio had been steadily expanding its Process Mining solution. The vendor primarily conducted business in Europe, the US, and Japan and serviced clients from a variety of industries. The staff at myInvenio drew on many years of professional experience in the areas of system integration, process management, and digital transformation.

MyInvenio's Process Mining system delivered sophisticated functions including Simulation, Decision Rule Mining, Task Mining, and the ability to analyze multi-level processes in addition to conventional process identification, analytics, and conformance checks. With the goal of providing businesses with a low-cost and fail-fast solution for continuous improvement projects, all of these capabilities were meant to combine to create a Digital Twin of an Organization (DTO) that derived an accurate and dynamic virtual process model. MyInvenio was acquired by IBM on 15 April, 2021.

When was MyInvenio founded: 2013

Estimated funding in MyInvenio: Unknown

Who acquired MyInvenio? IBM

When was MyInvenio acquired? 15 April, 2021

What was the acquisition price of MyInvenio? Undisclosed price

Live Objects

Live Objects was a process mining solution based in Palo Alto and delivered continuous business process optimizations to the enterprise through AI-driven discovery, design and process engineering from patterns in business objects, user-behavior, cases and transactions across all process variations.

The Live Objects product integrated deeply with leading business process management platforms, and natively delivered continuous process engineering as on-demand compositions with rules implementations through the platforms' interfaces. Its patent-pending technology harnessed recent advancements in AI across NLP, computer vision and transfer learning to leap ahead of performance management and process mining into full-fledged continuous process engineering. Live Objects was acquired by Zuora on 26 May, 2021 for an undisclosed amount.

When was Live Objects founded: 2018

Estimated funding in Live Objects: Over $400k.

Who acquired Live Objects? Zuora

When was Live Objects acquired? 26 May, 2021

What was the acquisition price of Live Objects? Estimated by Pitchbook to be $1.6m*

Lana Labs Process Mining

Lana Labs was a Berlin, Germany based startup company that specialized in providing process mining and process optimization software for businesses. The software utilized Artificial Intelligence (AI) and Machine Learning (ML) technologies to analyze data from various sources such as ERP systems and log files, to provide a visual representation of the process flow. With this information, companies could identify bottlenecks, inefficiencies, and areas for improvement in their processes.

Lana Labs also provided a range of tools and features that allowed users to optimize their processes, such as process simulation, process discovery, and process optimization. The company was known for its user-friendly interface, which made it easy for users to navigate and understand the process analysis results. Lana Labs was acquired by Appian on 5 August, 2021 for an undisclosed amount.

When was Lana Labs founded: 2016

Estimated funding in Lana Labs: Unknown

Who acquired Lana Labs? Appian

When was Lana Labs acquired? 5 August, 2021

What was the acquisition price of Lana Labs? Estimated by Pitchbook to be $30,7m.*

FortressIQ Process Mining

FortressIQ was a process intelligence software company based in San Francisco that specialized in providing solutions for automating business processes. The software used AI and machine learning to analyze and understand how work was done within an organization, and it allowed users to discover, map, and optimize their business processes. The software could automatically extract process data from systems such as ERP and CRM, and then used this data to generate visual models of the process flows, identify bottlenecks and inefficiencies, and recommend improvements.

FortressIQ's solution also included a platform for automating processes, allowing for the creation of virtual "digital workers" that could perform repetitive tasks, freeing up human workers to focus on more complex and valuable activities. It was typically used in finance, healthcare, and manufacturing industries. FortressIQ was acquired by Automation Anywhere on 23 December, 2021 for an undisclosed amount.

When was FortressIQ founded: 2017

Estimated funding in FortressIQ: Over $16M

Who acquired FortressIQ? Automation Anywhere

When was FortressIQ acquired? 23 December, 2021

What was the acquisition price of FortressIQ? Undisclosed price

Logpickr Process Explorer 360

Logpickr was a process mining software company based in Cesson-Sévigné, France that was acquired by iGrafx. Logpickr specialized in providing process mining and process optimization solutions for enterprise businesses.

Logpickr helped companies to gain insights into their business processes by analyzing data from various sources, such as ERP systems and log files, to provide a visual representation of the process flow. With this information, companies could identify bottlenecks, inefficiencies, and areas for improvement in their processes. Logpickr was acquired by iGrafx on 31 January 2022 for an undisclosed amount.

When was Logpickr founded: 2017

Estimated funding in Logpickr: Unknown

Who acquired Logpickr? iGrafx

When was Logpickr acquired? 31 January, 2022

What was the acquisition price of Logpickr? Undisclosed price

Kryon Systems

Kryon was a process discovery and robotic process automation (RPA) software vendor founded in Tel Aviv, Israel in 2008. Kryon's process intelligence solution Kryon Process Discovery was offered as a cloud-based Software-as-a-Service solution for discovering and monitoring business processes.

Kryon's process discovery solution utilized activity recording features, similar to task mining software, and leveraged artificial intelligence process discovery algorithms to match activities to key processes. In addition to process discovery functionality Kryon offered robotic process automation functionality under the name Kryon RPA. The company was acquired by the workflow automation platform Nintex on the 15th of February, 2022.

When was Kryon founded: 2008

Estimated funding in Kryon: Unknown

Who acquired Kryon? Nintex

When was Kryon acquired? 15 February, 2022

What was the acquisition price of Kryon? $100M estimate source: jewishbusinessnews.com

PAFnow Process Mining

PAFnow (short for Process Analytics Factory) was a process mining software company based in Darmstadt, Germany that specialized in providing process mining and process analysis solutions for businesses.

PAFNow software helped companies to gain insights into their business processes by analyzing data from various sources, such as ERP systems and log files, to provide a visual representation of the process flow. With this information, companies could identify bottlenecks, inefficiencies, and areas for improvement in their processes.

PAFnow also provided a range of tools and features that allowed users to optimize their processes, such as process simulation, process discovery, and process optimization. PAFnow was acquired by Execution Management Software provider Celonis on 29 March, 2022 for an undisclosed price.

When was PAFnow founded: 2014

Estimated funding in PAFnow: Unknown

Who acquired PAFnow? Celonis

When was ProcessGold acquired? 29 March, 2022

What was the acquisition price of PAFnow? Undisclosed price

Minit Process Mining

Minit was a process mining company based out of Bratislava, Slovakia. Minit has created a cloud-based process mining tool with process enhancement capabilities, with its initial version published in 2015. Key features included hierarchical visualization, simulating "what if" scenarios, and interactive Qlik-based dashboards. Customers included projects in banking, shipping, e-commerce, and telecommunications across business process use cases such as Order to Cash (O2C), Purchase to Pay (P2P), and IT Service Management (ITSM). Minit was acquired by Microsoft on 31 March, 2022.

When was Minit founded: 2014

Estimated funding in Minit: At least $3.82M*

Who acquired Minit? Microsoft

When was Minit acquired? 31 March, 2022

What was the acquisition price of Minit? Undisclosed price

Everflow Process Mining

Everflow was a software company that specialized in creating process automation and optimization solutions for businesses. The company's platform offered features such as process discovery, process monitoring, and process improvement, all of which used artificial intelligence and machine learning to analyze data and identify inefficiencies within business processes.

Everflow was acquired by Pega Systems, a company that provided software for customer engagement and operational process automation on May 24 2022 for an undisclosed amount.

When was Everflow founded: 2018

Estimated funding in Everflow: Unknown

Who acquired Everflow? Pegasystems

When was Everflow acquired? 24 May, 2022

What was the acquisition price of Everflow? Undisclosed price

Expansion into process intelligence

While acquisitions in the process mining market show traction it's worth considering that there are also adjacent markets that are experiencing fast growth and investments. Together with task mining and process discovery, the process intelligence software market is developing fast and by all accounts we expect to see more investments by enterprise and investors in the future.

If you find there are companies missing from this list of acquired process mining companies or if you have news to share about new process mining vendors, please contact marketing@workfellow.ai.

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Written by

Lari Numminen

Chief Marketing Fellow