Francisco Partners, Azure Capital and FTV Management Company have sold K2 Software to Nintex a portfolio company of Thoma Bravo
Client: Francisco Partners, Azure Capital, FTV Management Company, L.P.
Client Location: United States
Target: K2 Software, Inc.
Target Location: United States
Acquirer: Nintex Global Ltd. (Thoma Bravo)
Acquirer Location: United States
Target Description: K2 Software, Inc. is an innovative provider of digital process automation (DPA) software solutions.
The Deal
The compelling combination of Nintex’s strength among business users seeking low-code solutions with K2’s proven track record for professional developers pursuing mission-critical digital process automation initiatives represents an exciting combination of leading innovators in the process automation market. The parties’ complementary features will benefit both customer bases, with Nintex customers now able to take advantage of K2’s SmartObjects integration capabilities, and K2 customers now having access to Nintex’s process mapping, robotic process automation, document generation and more.
“The team at Lincoln was an integral part of this process and has enthusiastically supported our business across numerous strategic initiatives,” stated Evan Ellis, Chief Executive Officer of K2. “Their deep understanding of K2’s value proposition and strategic roadmap, as well as the low-code / process automation sector, enabled them to find a strategic partner who shares our vision for the future.”
The Lincoln team’s attention to detail in diligence helped us evaluate the company quickly, and their constructive approach to structuring the transaction allowed us to strike an agreement that worked for all parties. We were impressed with the work that the entire team put forward throughout the process.
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