5th Oct 2010. Nintex Group Pty Ltd (“Nintex”) advises that Macquarie Capital Group Limited (“Macquarie”) has agreed to acquire a significant minority interest in Nintex. Nintex, is a global provider of workflow management and collaboration products which extend Microsoft’s SharePoint technology. Completion of the transaction is subject to customary closing conditions.
Glen Butler, a Division Director at Macquarie, will join the Nintex Board. He said, “Macquarie is pleased to be a significant investor in Nintex Group. Brian Cook and Brett Campbell, the founders of Nintex, have built a solid business over the last 10 years and are supported by a highly experienced leadership team and a strong base of software professionals and SharePoint specialists.”
“Nintex is an innovative business operating in a high growth market. With an increasing number of knowledge workers, workflow management and collaboration is a major focus of many organisations. Microsoft SharePoint offers a powerful platform to this end, and Nintex, with its user-friendly product tools, makes workflow management and reporting accessible to all knowledge workers. SharePoint has experienced high double digit growth in the last few years, and we believe Nintex is well positioned to take advantage of future growth in SharePoint with its products and services.”
Brian Cook, Chief Executive Officer of Nintex, welcomes Macquarie’s investment and believes Macquarie can add value to the business.
“We welcome Macquarie as an investor in Nintex. Macquarie brings to the table significant expertise in investing in and advising technology companies such as ours. We look forward to working closely with them to help us in making strategic decisions to take Nintex to new levels of growth.”
About Nintex Group
The Nintex Group is a group of specialist IT companies focused on Microsoft SharePoint technologies including software products, services and cloud based solutions. These specialist IT companies include OBS and Nintex. OBS is a leading provider of SharePoint services and solutions in Australia whereas Nintex is a global provider of workflow management and collaboration products which extend Microsoft’s SharePoint technology.
Nintex was started by Brian Cook and Brett Campbell to develop products to take advantage of new developments in Microsoft technologies and strategies.
The company started in 2004, reached $1 million revenue 16 months later and in 08-09 has revenue of $10 million, a growth rate of 278% over three years.
Nintex main product is arguably its SharePoint workflow product, Nintex Workflow 2010. Nintex Workflow adds a drag-and-drop workflow designer, connectivity and advanced workflow features to the Microsoft SharePoint document management and collaboration platform, empowering business users and IT professionals to automate business processes as easily as using a web browser.