May 25, 2022

Microsoft has announced its ambitions in the process automation market and has acquired Mint, a process mining technology provider based in Bratislava, Slovakia, for an undisclosed amount, the companies announced today. Microsoft says the purchase will “help customers achieve digital transformation” to “enable it” by building a more complete picture of their processes and identifying which ones are ripe for process automation.

“Now Minute is enabling companies to change the way they analyze, monitor and optimize their processes. Minute solutions help companies gain a deeper understanding of how processes work by identifying the root causes of operational problems and minimizing unwanted process outcomes,” said Justin Graham, general manager of Process Insights at Microsoft, in a Microsoft blog post. But it’s in the post. I[With Minit, our] Customers will be able to better understand their process data, learn what operations really look like, and help standardize and improve processes across the organization to meet requirements every step of the way.

Microsoft entered process mining in 2019 with the launch of new features in Power Automate, and a year later with the acquisition of software provider RPA Softomotive. But with Minute, the tech giant is doubling down on a software category that could be worth more than $11 billion by 2030, according to a Polaris Market Research report.

It wasn’t immediately clear whether the entire Minute team would join Microsoft or whether the company would remain scattered in its current locations. (Minute is now headquartered in Amsterdam, with additional offices in London and New York.) But CEO James Denning said customers shouldn’t expect to change the level of support they currently receive.

Denning wrote on his blog: “We look forward to learning what it means to be part of an industry leader like Microsoft and what it brings us – we use this scale and excellence to provide our customers with the best solutions. do it?” Minute site. “It was a privilege to lead the company last year and I’m excited to continue my journey with the team as the world’s leading software company.”

We contacted the companies for more information.

Founded by Rasto Hlavak in 2015 and raising €10.3m (~$11.40m) prior to the acquisition, Minit is one of a growing number of startups developing mining equipment for corporate clients. Process mining, also known as task discovery, involves identifying workflow issues and their root causes by extracting data from systems including desktops, email applications, and workflows. It is a key component of robotic process automation (RPA), a technology that promises to automate monotonous, repetitive tasks traditionally performed by humans, as well as create logs to identify potential cost savings.

As Aisha Counts of Protocol explains, process mining is traditionally performed by system integrators who map processes by analyzing manual workflows. Process Mining software is designed to digitize in a way that minimizes cost, time and effort.

Highlighting interest in process intelligence technologies, data science firm Celonis earlier this week acquired competitor Minute Process Analytics Factory, which coincidentally integrates with Microsoft’s Power BI analytics platform. In recent years, automation provider RPA Anywhere has acquired process discovery and mining startups FortressIQ, Process Gold and Stepshot; Blue Prism has released a working mining solution called Capture; And competitors, including ABBYY and Kryon, have expanded their mining offerings.

The acquisition of Microsoft Minute comes at a time when the broader business process automation industry, which is still cash-strapped, is moving towards general consolidation. SAP acquired German process automation company Synavio in January 2021, shortly before ServiceNow entered the RPA segment by acquiring India’s IBM acquired process mining software company MyInvenio in April. and Salesforce’s Mulesoft and Microsoft followed suit, buying automation technology vendors ServiceTrace and Clear Software, respectively.

“The mining, discovery, and task mining process has changed a lot over the past year through several acquisitions. [It] Now that the market is maturing and commercializing between major automation platforms,” said Saikat Ray, senior director of research at Gartner, in an email to gaming-updates. “Gartner sees the emergence of automation platform vendors offering process and task intelligence as built-in capabilities along with RPA.”

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