Microsoft Acquires Process Mining Company ‘Minit’

Microsoft has announced its acquisition of Minit, a Bratislava, Slovakia-originated process mining technology vendor that enables businesses to uncover opportunities for constant process improvement and better operational efficiency. This acquisition comes right on the heels of data processing company Celonis acquiring Process Analytics Factory (PAF), a competitor to Minit that integrates with Microsoft’s Power BI data analytics and visualization platform.

Microsoft claims that this acquisition will further empower the company to help its customers digitally transform and drive operational excellence by creating a complete picture of their business processes and identifying which of those processes are ideal for automation. Microsoft had scratched the surface of process mining with the launch of new features in Power Automate in 2019, and the acquisition of Softomotive, an RPA software provider in 2020. But with the Minit acquisition, the company has now fully immersed itself into the growing process-mining field, a software category that could be worth over $11 billion by 2030, according to several reports.

The financial terms of Microsoft’s Minit acquisition are not yet disclosed. According to reports, the company will now be part of the Microsoft Process Insights Team, which reports to Justin Graham, GM of Microsoft Process Insights. In a statement, Microsoft spokesperson Zara Huang said that there will be no change to the existing work location of Minit team members. Additionally, the CEO of Minit, James Dening has said that their customers should not expect a change in the level of support that they are currently receiving.

Minit, which was founded in 2017 by Rasto Hlavac is one of the growing numbers of start-ups involved in the development of process mining tools that are aimed at enterprise clientele. Prior to the acquisition, the company had raised approximately $11.40 million in Series A funding from Salesforce Ventures and others.