Nuix has revealed it has entered into an agreement to acquire all the shares in Rampiva (Rampiva Global, LLC and Rampiva Technology, Inc.), a workflow automation and job scheduling software provider.
Rampiva is a long-term Nuix technology partner founded in 2016 to meet greater productivity demands for Nuix customers by automating their data processing tasks.
Rampiva’s technology is complementary to the Nuix Engine and the wider software platform, including Nuix Discover, and aligns well with Nuix’s strategic large enterprise market.
The initial cost of the acquisition is approximately US$2 million in cash and US$2 million in Nuix newly issued shares, payable on financial close. Up to a further US$3 million in Nuix shares will be issued if Rampiva achieves ACV growth and cost management milestones in the three years post acquisition.
Financial close is expected in 1QFY24. Closing is subject to the satisfaction of customary closing conditions.
Nuix says it will embed the Rampiva team and technology into its global business.
