- Microsoft Corp (NASDAQ:MSFT) acquired Minit, a leader in process mining technology.
- The financial terms of the transaction remain undisclosed.
- Minit enabled businesses to transform how they analyze, monitor, and optimize their processes.
- Minit’s solutions have helped businesses gain deep insights into how processes run, uncover root causes of operational challenges and help mitigate undesired process outcomes.
- This acquisition would further empower Microsoft to help our customers digitally transform and drive operational excellence by creating a complete picture of their business processes, enabling every function to be quickly and automatically analyzed and improved.
- Microsoft held $125.4 billion in cash and equivalents as of December 31.
- Price Action: MSFT shares traded lower by 1.47% at $309.26 on the last check Thursday.
