iGrafx Acquires Logpickr, Adding Next Generation Process Mining to its Business Process Management Portfolio
Acquisition brings patent-pending technology to speed process discovery, delivering faster results for operational excellence, digital transformation, and regulatory compliance initiatives.
Today, at the OPEX Week Business Transformation World Summit 2022 Event, iGrafx, a worldwide leader in digital business transformation and process management, announces the acquisition of the process mining specialist Logpickr, based in Rennes, France. Logpickr is known for its patent-pending Process Explorer 360 solution for next generation process mining. With this acquisition, iGrafx expands on its comprehensive approach to process improvement, ensuring organizations focused on operational excellence, regulatory compliance, or digital transformation initiatives can improve process, speed automation decisions, and increase their bottom line.
Read More: Amazon Global Selling Malaysia Seller Summit Successfully Held Online
“We know an integrated process mining solution will add tremendous value for our customers and we look forward to continuing to invest in exciting new products and technologies that will improve an organization’s ability to improve performance, deploy automation and stay compliant.”
Through the application of machine learning and artificial intelligence, Process Explorer 360 inspects existing systems to reveal process reality, versus process assumptions in real business operations. According to Accenture, 88 percent of companies that implemented machine learning in business processes witnessed a 200 percent improvement.1
“Process improvement only happens once a process is completely understood, and while the analysis phase is the most critical, it is the phase given the fewest resources,” said Alan Pelz-Sharpe, Founder and Principal Analyst at Deep Analysis. “Process mining adds tremendous value to process improvement, but it’s only one piece of the puzzle. What iGrafx is doing with the acquisition of Logpickr is completing the picture by adding process mining alongside their proven modeling, discovery, and mapping solutions to provide a complete process improvement vision and to accelerate the work of today’s business analyst.”
Read More: SalesTechStar Interview with Matthew Furneaux, Lead Analyst at Loqate
Traditional mining solutions work well for simple, linear processes but fall short when it comes to the combination of concurrent and multi-system events. This is problematic because it requires an organization to have greater technical skills to understand what has been mined, and potentially causes organizations to waste time analyzing false variants.
“At iGrafx we wanted to go beyond offering the conventional process mining approach,” said Teesee Murray, CEO of iGrafx. “Our customers are tired of the complexity and intense resources required by other mining solutions, but they know it’s necessary to create the right knowledge foundation for their key compliance and transformation projects. Logpickr has designed unique differentiators to speed the process of mining. We are thrilled to welcome the highly skilled Logpickr team and the opportunity to bring further innovation to the world of process improvement.”
