Microsoft Buys Process Mining Company Minit
Microsoft on Thursday announced the acquisition of Minit, a maker of process mining software for organizations.
Minit, a nine-year-old company that's based in Europe, makes a mining solution that can work with "any system and data source" by using its "connectors" technology. Examples include Salesforce customer relationship management, SAP solutions and Oracle NetSuite enterprise resource planning software, among others. Minit software shows the various bottlenecks and inefficiencies in a business process, surfacing the information in a flowchart.
Minit's video demo of its software shows how its algorithms can be used to assess an "order to cash" workflow process. The software identifies a process that's causing a slowdown. It also describes the savings to be had by making changes to the process. In the video example, the software suggests replacing human team members with a bot to address the bogged-down process and save money, per the narrative.
Microsoft already has its own process mining solution in its Microsoft Power Automate tooling suite, which is called "Process Advisor." Microsoft's Process Advisor also produces a flowchart, which looks a lot like ones generated by Minit software. Exactly how Process Advisor will fare, given the Minit acquisition, wasn't described.
Microsoft did say that the Minit purchase would help its customers "digitally transform and drive operation excellence."
"Customers will be able to better understand their process data, uncover what operations look like in reality and drive process standardization and improvement across the entire organization to ensure compliance at every step," the announcement indicated regarding the Minit addition.
Minit has offices in Amsterdam, Bratislava in Slovak Republic, London and New York. The exact terms of the acquisition, including price, personnel and software integration details, weren't described.
However, Minit's CEO James Dening said that the Microsoft acquisition would amplify Minit's work and grow its customer base, in an announcement. He added that "I want to reassure everyone that the level of our support and engagement with our customers stays the same as it has always been," following the acquisition.
Kurt Mackie is senior news producer for 1105 Media's Converge360 group.