Microsoft acquires process mining vendor Minit to grow its automation offerings

Microsoft has recently acquired the process mining technology firm Minit. The financial terms of the transactions were not disclosed.

Minit was founded by Rasto Hlavac in the year 2015 and was amongst fast-growing startups developing process mining tools aimed at enterprises.

Minit's founder and current Chief Strategy Officer, Rasto Hlavac, said, "For years, our team has been focused on enabling global businesses to become more efficient with our market-leading process mining solution. Joining forces with Microsoft means that we can deliver positive outcomes to our customers on a different scale."

Microsoft’s announcement comes at a time when data processing company Celonis acquired Process Analytics Factory, a competitor to Minit that integrates with the Microsoft Power BI data analytics and visualization platform.

Microsoft first entered the process mining space with the launch of new features in Power Automate in the year 2019, and a year later, it acquired Softomotive, an RPA software provider. But with the help of Minit, the tech giant is betting big on the software category.

Microsoft’s Minit acquisition comes at a time when the business automation industry is moving towards greater consolidation.