06 April 2022
Microsoft Corporation acquired Minit, a Bratislava, Slovakia-originated process mining technology vendor, for an undisclosed sum, the companies announced last week. Microsoft said the purchase would “further strengthen” it to “help customers transform digitally” by creating a more complete picture of their processes – and determining which of those processes are ripe for automation.
“Minit currently allows businesses to change the way they analyze, monitor and optimize their processes. Minit’s solutions have helped businesses gain in-depth insights into how processes run, uncover the root causes of operational challenges and help reduce undesirable process results. , “wrote Justin Graham, general manager of Microsoft process insights, in a post on Microsoft’s corporate blog. Customers will better understand their process data, discover what operations look like in reality, and drive of standardization and process improvement throughout the organization to ensure compliance at every step. ”
Microsoft entered the Power Automate sector in 2019 and acquired Softomotive, an RPA software provider, a year later. In Minutes, the tech giant is doubling down on a software category that could be worth more than $ 11 billion by 2030, according to a report from Polaris Market Research.
Minit is currently headquartered in Amsterdam, with satellite offices in London and New York.) CEO James Dening said customers should not expect a change in the level of support they currently receive.
“We look forward to what it means to be part of an industry leader like Microsoft and what it will bring to us – how we can use that scale and efficiency to continue to deliver great solutions to our customers, “Dening wrote in a blog post on Minit’s website. “It’s been a privilege to lead the company over the past year, and I’m excited to continue my journey with the team, as part of what I consider the world’s leading software company.”
Minit, founded in 2015 by Rasto Hlavac, raised € 10.3 million (~ $ 11.40 million) prior to the acquisition. It is among the growing number of startups that are developing mining process tools aimed at enterprise clients. The mining process, also known as task discovery, involves detecting workflow issues and root -caused bottlenecks by retrieving data from systems, including desktops, email apps and apps. workflow. It is an integral part of robotic process automation (RPA), a technology that promises to automate the monotonous, repetitive tasks traditionally performed by human workers while at the same time generating logs to determine potential cost savings.
Microsoft’s acquisition of the Minute comes at a time when the broader business process automation industry is heading towards general integration. SAP acquired German process automation company Signavio in January 2021, before ServiceNow entered the RPA segment with the purchase of India -based Intellibot.io. IBM acquired process mining software company MyInvenio in April. And Salesforce’s MuleSoft and Microsoft followed suit with purchases of automation tech providers Servicetrace and Clear Software, respectively.
Organizations around the world aspire to be more operationally resilient and accelerate their digital transformation plans. Continuous operations and ensuring that every part of every business process runs smoothly is critical, but most leaders do not understand the actual performance of their processes and end up making decisions based on personal information. Gartner said that “Recent trends in automation and knowledge of the underlying processes and interactions are key to digital innovation.”
Minit allows businesses to change the way they evaluate, monitor and optimize their processes. Minit’s solutions have helped businesses gain in -depth insight into how processes run, uncover the roots of operational challenges and help reduce unwanted process results.
This acquisition will further empower Microsoft to help our customers transform digitally and drive operational efficiency by creating a complete picture of their business processes, enabling each process to be easily and automatically tested and improved. Customers will better understand their process data, discover what operations look like in reality and drive standardization and process improvement across the organization to ensure compliance at every step, Microsoft said.
Today’s announcement further demonstrates Microsoft’s commitment to helping organizations quickly discover and optimize their business processes by aggregating data and implementation to unlock great insights, it added.
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