By Sam Boughedda
Investing.com -- Microsoft Corporation (NASDAQ:MSFT) announced the acquisition of process mining technology company Minit on Thursday.
Minit was founded in 2017 and is based out of Europe, with offices in Amsterdam, London, New York, and Bratislava.
Its process mining technology enables companies to discover opportunities for continuous process improvement and better operational efficiency.
"This acquisition will further empower Microsoft to help our customers digitally transform and drive operational excellence by creating a complete picture of their business processes, enabling every process to be easily and automatically analyzed and improved," Microsoft said in its statement.
No financial details regarding the deal were disclosed.
Microsoft shares are down 0.8% Thursday.