Nintex, a workflow automation company based in Bellevue, Wash., is acquiring Drawloop Technologies of Irvine, Calif. to help businesses access content across Microsoft Office and Salesforce. Terms of the deal were not disclosed.
“By bringing together our market-leading workflow automation with Drawloop’s document generation capabilities, we can more easily address scenarios that are often difficult or expensive for businesses to solve today,” said Nintex CEO John Burton, in a release.
As a result of the acquisition, Nintex said Drawloop’s Irvine office will expand. Together, the two will have 330 on staff, with the addition of Drawloop’s 30 employees. Drawloop’s customer base includes companies, such as DocuSign, LinkedIn, JetBlue and Yamaha.
Nintex intends to continue to offer Drawloop’s products and will integrate its document merging software into Nintex’s platform, which operates primarily on the SharePoint and Office 365 platforms.
In the past, Nintex, which also has offices in Melbourne, Australia, has been vague about how much money it has raised, but it appears to have fairly deep pockets. In 2013, there were reports of TA Associates and Updata Partners buying Nintex for $222 million, according to The Wall Street Journal. Now, both TA Associates and Updata hold seats on the company’s board.
In a statement, Nintex’s Burton said both companies share a culture of being bootstrapped startups that have achieved high-growth and profitability. Further, he characterized the later stage capital into Nintex as “growth-stage private equity.”
Also on the board is former Seattle Seahawks wide receiver Steve Largent, which is widely known in tech and political circles for his involvement in the wireless trade group CTIA.