German process mining pioneer Celonis has acquired automation platform provider Integromat. The company, based in Prague, will bolster the online automation side of Celonis’ business, which it has been building out for the last year.
Financial terms of the agreement were not disclosed, but Celonis CEO Alexander Rinke revealed in published reports that the company paid in excess of $100 million for the Czech startup.
“We spent years looking for a different way to automate processes across applications. It needed to be a modern, cloud-based approach that is easy to use and scalable in order to address the challenges customers currently have with traditional RPA and enterprise integration tools,” said Martin Klenk, co-founder and CTO of Celonis. “The answer became clear watching so many thousands of business users rapidly adopt these new online automation systems.”