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Celonis Buys German Data Startup PAF for $100 Million

  • Process Analytics Factory based in Darmstadt, Germany
  • CEO Rinke said Celonis sales are doubling year-on-year
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Alexander Rinke, co-founder and co-CEO at Celonis, a process mining software company, discusses their latest Series D funding round of $1 billion, bringing the total valuation to more than $11 billion. The German startup provides technology to help spot inefficiencies normally identified by high-priced human consultants. Founded in 2011, Celonis’s clients include Uber Technologies Inc., Citibank, Dell Technologies Inc. and Pfizer Inc. Rinke speaks with Emily Chang on “Bloomberg Technology.” (Source: Bloomberg)

Software startup Celonis, currently valued at $11 billion, has purchased Process Analytics Factory GmbH in order to expand its offering across Microsoft Corp. products.

Celonis paid $100 million for Process Analytics Factory in a cash-and-stock deal, Co-Chief Executive Officer Alex Rinke said in an interview. Founded in 2011, Celonis is a leader in the field of process mining and execution management, in which companies use software to scour their systems for insights to improve efficiency.