Celonis PAF acquisition extends hyperautomation lead
Summary
In 2008, Rother met Wil van der Aalst, a professor who developed the theoretical underpinning for process mining and now serves as Chief Scientist for Celonis. Celonis has branded its platform an execution management system (EMS) due to its combination of process mining, analytics and low-code automation capabilities built from its Integromat acquisition. A careful read of Gartner’s take on the market for hyperautomation tools is that the bulk of revenues comes from enterprise software built on platforms from Microsoft, SAP and Salesforce. As a result of the acquisition, existing PAFnow customers will have the opportunity to access the process mining and execution management capabilities of Celonis software. “This is a great move to help customers expand their reach into various markets, including the Microsoft ecosystem,” R “Ray” Wang, principal analyst and founder at Constellation Research, told VentureBeat.