PR92118

BELLEVUE, Wash., Oct. 6, 2021 /PRNewswire=KYODO JBN/ --

  -- Thoma Bravo Plans to Make a New Equity Investment in the Company and

     Maintain a Significant Minority Interest. TPG and Thoma Bravo Expect

     to Work Together to Accelerate the Company's Digital Process Automation

     Success.

Nintex (

https://c212.net/c/link/?t=0&l=en&o=3312393-1&h=343828809&u=https%3A%2F%2Fwww.nintex.com%2F&a=Nintex

), the global standard for process management and automation, today announced a

definitive agreement to sell a majority stake in the company to TPG Capital (

https://c212.net/c/link/?t=0&l=en&o=3312393-1&h=3538184963&u=https%3A%2F%2Fwww.tpg.com%2Fplatforms%2Ftpgcapital&a=TPG+Capital

), the private equity platform of global alternative asset firm TPG. Across its

platforms, TPG has invested in leading software companies including C3 AI,

Planview, ThycoticCentrify, WellSky, and Zscaler. Nintex's current majority

investor, Thoma Bravo (

https://c212.net/c/link/?t=0&l=en&o=3312393-1&h=4906959&u=https%3A%2F%2Fwww.thomabravo.com%2F&a=Thoma+Bravo

), a leading software investment firm, plans to make a new equity investment in

the company and maintain a significant minority interest. The transaction is

expected to be completed by the end of 2021, subject to customary closing

conditions.

Logo - https://mma.prnewswire.com/media/1652427/TPG_PRINT_Logo.jpg

Logo - https://mma.prnewswire.com/media/700078/Nintex_Logo.jpg

Logo - https://mma.prnewswire.com/media/1652426/Thoma_Bravo_logo_rgb.jpg

Nintex is a strong, growing business that offers the most powerful,

easy-to-use, and complete platform in the digital process automation industry.

The company expanded its process solution capabilities from digital forms and

workflow to its next-generation cloud platform with intelligent forms, advanced

workflows, digital document generation, eSignatures, and robotic process

automation (RPA). Nintex also provides the industry's most powerful process

management solution through Nintex Promapp(R), its collaborative solution for

intuitively capturing, mapping, documenting and supporting all kinds of

organizational work processes.

"In today's landscape, digital process automation and management are critical

to any company's ability to work effectively and efficiently," said Nehal Raj,

Co-Managing Partner of TPG Capital. "The automation of the enterprise is a core

investment theme for our software team, and we believe Nintex is at the

forefront of enabling this transformation. While the company serves thousands

of organizations today, we believe they are only scratching the surface in

terms of the breadth of departmental and industry process solutions needed. We

look forward to working with the teams at Nintex and Thoma Bravo to accelerate

the company's growth."

"It is an exciting day for every member of the Nintex global community," said

Nintex CEO Eric Johnson. "Our mission continues to focus on improving the way

people work through process management and automation, and with the support of

leading software investors like TPG Capital and Thoma Bravo, the future of

Nintex is extraordinarily bright. It is a mission-critical time to be a part of

the worldwide automation movement and we can't wait to further delight our

customers and partners with continued product innovation and valuable programs

that fuel their ongoing success."

An Unwavering Commitment to Customer Success

Today, hundreds of partners and more than 10,000 organizations across state,

local and federal governments, and major industries like healthcare, financial

services, technology, and manufacturing turn to Nintex Process Platform to

accelerate digital transformation and business outcomes. The platform's

complete process mapping and automation capabilities help thousands of IT

teams, operations professionals, business analysts and app developers manage,

automate, and optimize business processes across departments and industries in

faster and more fluid ways.

During the nearly four years of Thoma Bravo's majority sponsorship, Nintex

delivered strong organic innovation and completed four strategic acquisitions

that significantly expanded the breadth and depth of its digital process

solutions.  It acquired a visual cloud-based process mapping and management

solution offered today as Nintex Promapp(R), which includes easy, one-click

generation of workflows through the Nintex Workflow Cloud; a robotic process

automation (RPA) tool known as Nintex RPA featured in the 2021 Gartner(R) Magic

Quadrant(TM) for RPA; complementary workflow and process automation

technologies including sophisticated app development tools known as Nintex K2

Five and Nintex K2 Cloud; and, most recently, a secure electronic signature

solution offered today as Nintex AssureSign.

"We are thrilled with the pace of innovation, operational rigor, and financial

results delivered by Nintex over the last few years," said Hudson Smith, a

Partner at Thoma Bravo. "From product engineering to marketing, sales, and

customer success, Nintex has been laser focused on what matters most – ensuring

the success of everyone leveraging Nintex software to improve and automate

business. We're very optimistic about Nintex's future and look forward to our

continued partnership with the company."

The Nintex Process Platform has been recognized by several independent research

firms, including Forrester Research(1), Aragon Research(2), 451 Research(3) and

IDC,(4) as a leader in the following categories: digital process automation

(DPA), digital transaction management (DTM), workflow and content automation

(WCA), intelligent process automation (IPA), digital business platform (DBP),

and digital automation platform (DAP). Companies like Zoom Video

Communications, Inc., Coca-Cola Beverages Florida, LLC, AstraZeneca, and

Nationwide leverage Nintex's solutions to turn manual and repetitive work

processes typically done over paper or email into streamlined, strategic

digital workflows, with intelligent forms, RPA and eSignatures.

In partnership with TPG Capital, Nintex will invest more R&D resources in its

market-leading automation solutions, expand its go-to-market programs, and

continue adding complementary process technologies to support demand for its

software platform. Nintex is hiring additional talent in engineering, product

management, marketing, sales, and customer success. Today, the company has more

than 850 team members around the world who have embraced remote and hybrid work

models and are committed to ensuring Nintex continues to be a great place to

work.

Morgan Stanley & Co. LLC is serving as financial advisor to TPG Capital. BofA

Securities is serving as lead financial advisor and Macquarie Capital is

serving as co-financial advisor to Nintex. Debt financing for the transaction

is being provided by Blackstone and Thoma Bravo Credit. Ropes and Gray is

serving as legal counsel to TPG Capital, Kirkland & Ellis is serving as legal

counsel to Thoma Bravo, and Wilson Sonsini as legal counsel to Nintex.

1 – The Forrester Wave(TM): Digital Process Automation for Wide Deployments, Q1

2019

2 – The Aragon Research Globe(TM) for Digital Transaction Management, 2021; The

Aragon Research Globe(TM) for Digital Business Platforms, 2021; The Aragon

Research Globe(TM) for Workflow and Content Automation, 2021

3 – 451 Research Pathfinder Report: Process Discovery, Automation &

Intelligence, Essential Technologies for Digital Business, 2019

4 – IDC: Worldwide Intelligent Process Automation Software Forecast, 2021-2025

– Doc # US48015622

Media Contacts        

Nintex         

Kristin Treat

kristin.treat@nintex.com

215-317-9091

TPG

Luke Barrett and Courtney Power

media@tpg.com

415-743-1550

Thoma Bravo

Megan Frank  

mfrank@thomabravo.com  

212-731-4778  

or

Joe Berg

Joe.Berg@FGH.com

203-984-2771

About Nintex

Nintex is the global standard for process management and automation. Today more

than 10,000 public and private sector organizations across 90 countries turn to

the Nintex Platform to accelerate progress on their digital transformation

journeys by quickly and easily managing, automating and optimizing business

processes. Learn more by visiting www.nintex.com and experience how Nintex and

its global partner network are shaping the future of Intelligent Process

Automation (IPA).

About TPG

TPG is a leading global alternative asset firm founded in San Francisco in 1992

with $108 billion of assets under management and investment and operational

teams in 12 offices globally. TPG invests across five multi-product platforms:

Capital, Growth, Impact, Real Estate, and Market Solutions. TPG aims to build

dynamic products and options for its clients while also instituting discipline

and operational excellence across the investment strategy and performance of

its portfolio. For more information, visit www.tpg.com or (at) TPG on Twitter.

About Thoma Bravo

Thoma Bravo is one of the largest private equity firms in the world, with more

than $83 billion in assets under management as of June 30, 2021. The firm

invests in growth-oriented, innovative companies operating in the software and

technology sectors. Leveraging the firm's deep sector expertise and proven

strategic and operational capabilities, Thoma Bravo collaborates with its

portfolio companies to implement operating best practices, drive growth

initiatives and make accretive acquisitions intended to accelerate revenue and

earnings. Over the past 20 years, the firm has acquired more than 325 companies

representing over $100 billion in enterprise value. For more information, visit

thomabravo.com.

Product or service names mentioned herein may be the trademarks of their

respective owners.

Source - Nintex