BELLEVUE, WA – Updata Partners is pleased to announce that Nintex has signed an agreement to sell a majority stake to TPG, a global private equity firm. The transaction provided liquidity for existing Nintex shareholders and capitalized the company for its next phase of growth.
Updata first invested in Nintex in 2013. The Company provides process management and workflow automation software for 10,000+ public and private sector organizations. Since our investment, Nintex has expanded globally and made several strategic acquisitions, including Promapp, EnableSoft, K2, and AssureSign. With more than 50% of the Fortune 500 as clientele, Nintex has become the global standard for process management and automation.
The Company’s press release can be found here.