Company News

Process miner Celonis buys Integromat, launches new product

BERLIN, Oct 14 (Reuters) - German data mining company Celonis said it will acquire Czech peer Integromat, in a deal that will help clients boost efficiency by connecting, automating and scaling up separate business processes.

Celonis, which was founded nine years ago in Munich and has drawn comparisons with business software giant SAP, also said on Wednesday it was launching a new Execution Management System to help businesses simplify.

The acquisition of online automation platform Integromat, valued at more than $100 million, will make it possible for Celonis to augment and optimise its own offering, co-founder and co-CEO Alex Rinke told Reuters.

“You have to see it to believe it,” said Rinke. “Integromat enables anybody in business to create easy, clean automations with the hundreds of systems that people all use in their jobs every day.”

Celonis said the Execution Management System, or EMS, would run on top of its process mining core and offer a suite to handle analytics, strategy and planning, management, action and automations.

The company, which has doubled revenue each year since it was founded to around $100 million, recently beefed up management and forecasts that it will again double revenue in the year to June 1, 2021. (Reporting by Douglas Busvine;Editing by Elaine Hardcastle)