Microsoft Acquires Process Miner Minit

Microsoft has acquired process mining technology firm Minit, the two companies announced Thursday (March 31).

“This acquisition will further empower Microsoft to help our customers digitally transform and drive operational excellence by creating a complete picture of their business processes, enabling every process to be easily and automatically analyzed and improved,” the tech giant said in its news release.

Process mining involves taking a microscopic view of companies’ workflows to find bottlenecks, assess workflow alternatives against companies’ goals, and then implement the most optimal workflow to reach those initiatives.

Read more: Process Mining Goes After The B2B Payments Bottlenecks

It was an interest in this technology that led Rasto Hlavac — now the company’s chief strategy officer — to found Minit in 2015. While it originated in Bratislava, Slovakia, the firm is now headquartered in Amsterdam and has offices in London and New York.

By acquiring the company, Microsoft said its customers will “be able to better understand their process data, uncover what operations look like in reality, and drive process standardization and improvement” for compliance at each step.

According to Microsoft, companies around the world are looking for ways to be “operationally resilient” and boost their digital transformation plans.

“Seamless operations and ensuring that every component of each business process runs smoothly is critical, but most leaders are not able to understand the actual performance of their processes and end up making decisions based on subjective information,” the company said.

Minit, the announcement said, lets businesses change the way they monitor, analyze and optimize processes, helping them glean insights into how these processes work while rooting out operational challenges.

“For years our team has been focused on enabling global businesses to become more efficient with our process mining solution,” Hlavac said on the company website. “Joining forces with Microsoft means that we can deliver positive outcomes to our customers on a different scale.”