After working with IBM, Celonis announces cooperation with ServiceNow – TechCrunch

Celonis, a post-processing mining startup with a valuation of up to $11 billion, today announced a new partnership with ServiceNow.

Celonis co-founder and CEO Alexander Rinke said that he and ServiceNow CEO Bill McDermott (Bill McDermott) have a long history of cooperation, and the cooperation will bring huge benefits to the two companies. “Through ServiceNow, we can all increase the benefits our customers receive and ensure that we are helping companies modernize their underlying processes and the systems that these processes run,” he said.

The two companies will collaborate to combine their ServiceNow low-code workflow automation tools announced in March with Celonis’ process mining tools. ServiceNow Chief Innovation Officer Dave Wright said that by combining Celonis’ process execution expertise with ServiceNow’s automation, machine learning, robotic process automation, and low-code application development capabilities, they can improve the workflow of their mutual customers.

“It’s about helping customers gain a deeper understanding of how work flows across the enterprise, and applying these insights to accelerate digital innovation and predict how to improve work,” Wright said.

Today’s announcement follows a similar agreement reached with IBM in April, which provides the company with another large organization to help it sell its software. Rinke said the three companies can actually work together.

“This collaboration aims to benefit all our customers and strategic partners, including IBM Global Business Consulting Services (GBS). IBM GBS has extensive experience in ServiceNow and Celonis and can now combine these two platforms, In order to achieve faster and more substantial business process transformation,” he said.

These big companies and investors have seen something here. This is a company that builds process mining software to help customers understand how work flows in their organization and how to improve work efficiency through automation. Cooperating with these larger organizations should help drive Celonis’ business growth, while giving these larger public companies access to some complex software that can be combined with the software and services they already provide.

Last year, ServiceNow also aggressively entered the field of automation and announced some measures to accelerate this transformation. This includes the acquisition of Intellibot, an RPA vendor, and the release of a no-code workflow construction tool in March.

The $11 billion valuation appeared in June, when Celonis announced the $1 billion D series.