Automation Anywhere

Automation Anywhere specializes robotizations business processes in (,) and Robotic Process Automation RPA offers a platform on the basis of which many organizations create intelligent world-class digital employees.

AA aims to scale and solve complex problems for large companies. Cloud-based web architecture and a single platform help speed configuration. Advanced cognitive functions and built-in AI better perceive unstructured data.

History

2021

Purchase of a cognitive automation platform FortressIQ

In mid-December 2021, Automation Anywhere bought competitor FortressIQ. The company did not disclose the financial terms of the transaction. More details here.

Mindrock Capital bought a stake in Automation Anywhere for $4.3 million

On July 20, 2021, the Russian investment company Mindrock Capital announced the purchase of a stake in Automation Anywhere for $4.3 million. Of what part of the capital of developer of RPA solutions the investor took control, it is not specified. Previously, Automation Anywhere was estimated at $6.8 billion.

According to Grigory Trubkin, managing partner of Mindrock Capital, analysts and investors believe that RPA can become one of the fastest growing software segments, reaching a rate of 20-30% per year. Technology is still in the early stages of development, he said.

Mindrock Capital acquired a stake in Automation Anywhere for $4.3 million

Artificial intelligence and ubiquitous robotics are becoming our reality, perhaps a little faster than we expected, but this direction has been predetermined. As investors, we track such promising short cycles and strive to participate in them, "Trubkin added.

According to Mindrock Capital, investor interest in the RPA market intensified after 2020, when it became clear that such technologies can increase the productivity and profitability of companies in the long run.

On July 20, 2021, Automation Anywhere CEO Mihir Shukla announced that the company was preparing for an IPO, but he did not specify the timing of the company's entry into the exchange. In preparation for the listing, Automation Anywhere hired a new CFO - he became James Budge, who previously worked in a similar position at the online educational company Pluralsight and helped her enter the exchange.

In addition, a new operating director came to Automation Anywhere - Mike Micucci, who had previously headed the Commerce Cloud division at Salesforce. Both top managers began working at Automation Anywhere in May 2021. By that time, the company had about 2,000 employees.

Raising $5 million from Arctic Ventures

On July 13, 2021, it became known about the investments of the fund Arctic Ventures created by Anton Alikova, ex-partner of the Swiss investment company Blackfort Capital AG, in Automation Anywhere. The volume of investments in one of the market leaders software for robotic  process automation (Robotic process automation,) RPA amounted to $5 million.

Financial and other parameters of the investment transaction are not disclosed. It is only known that in the previous round of financing, Automation Anywhere was valued at $6.8 billion, then Salesforce Ventures, Goldman Sachs and Softbank Vision Fund invested in the company.

Russian Arctic Ventures invested $5 million one of the leaders in the RPA market

Small but fast-growing markets, such as the RPA market, have the potential to reach global proportions and therefore attract the close attention of both vendors and investors. Automation Anywhere has not yet announced an IPO, but this is the most anticipated event in this segment, "said Anton Alikov.

According to a Deloitte study, about 53% of companies have begun deploying RPA systems, and 78% of business representatives who have already implemented these technologies are going to increase investment in them within three years. If this trend continues, the RPA will achieve "near universal implementation" within five years.

By 2021, Automation Anywhere has more than 2,800 customers in 90 countries. Among those who use the company's solutions Accenture Boston Scientific Cisco are,,,,,, Cognizant Comcast Dell Deloitte,,,,, and Hitachi. IBM Juniper Networks LinkedIn Mastercard PwC Also, Automation Anywhere has entered into over 2,100 partnership agreements, including with, and Web Microsoft Google Amazon Services () to AWS help customers automate. business processes^[1]

2020: Reduction of staff by 10%

At the end of April 2020, it became known that the developer of technologies for automating robotic processes Automation Anywhere, one of the top three market leaders, is reducing 10% of the state.

Mass layoffs are associated with a sharp decline in demand for traditional company products. On the contrary, the demand for cloud services has grown, and now the company is adapting to the changed situation.

We provide resources to teach our employees new skills in key growing markets, such as cloud and hybrid services. These are areas that our customers urgently need to service, "explained Dayna Fried, Senior Communications Director of Automation Anywhere. - Many of them are also trying to deal with the crisis and are trying to create a airbag that will allow a faster and more adequate response to crises in the future.

RPA Automation Anywhere, one of the top three market leaders, reduces 10% of the state

News of the cuts was an unpleasant surprise, as Automation Anywhere previously reported that it even benefited from the coronavirus crisis. In an interview with Business Insider, CEO Mihir Shukla said that interest in the company's products has increased "significantly" since the outbreak began.

However, during the economic crisis, many companies are trying to reduce or even eliminate infrastructure investments, especially those focused on future opportunities, explained analyst Charles King of Pund-IT Inc.

Automation Anywhere has an amazing reputation in one of the fastest growing areas of IT-Business, "King said. But automation of robotic processes has yet to be widely recognized, so Automation Anywhere is not the first and not the last of these companies to tighten the belt and reduce the number of personnel. Given the magnitude of the COVID-19 pandemic and economic uncertainty, this is perhaps a meaningful solution to[2]

2019

According to information for April 2019, the Automation Anywhere corporate platform uses software bots that work side by side with human employees, taking on most of the uniform work in organizations of various industries.

Advanced RPA technologies in the Automation Anywhere platform are combined with cognitive and built-in analytics technologies.

More than 1,400 organizations use this artificial intelligence-based solution to more quickly manage and scale business processes, making almost no mistakes and reducing operating costs. Automation Anywhere technologies are actively used around the world by organizations of the financial sector, insurance, healthcare, as well as technology, manufacturing, telecommunications and logistics companies.

2018

Automation Anywhere, one of the market participants in RPA platforms, offers a comprehensive solution for medium and large companies, including cognitive computing and advanced analytics.

The Automation Anywhere Enterprise platform combines technologies for robotic automation of RPA processes for large and medium-sized companies and banks.

According to April 2018, the platform is used by more than 1,000 brands, companies and banks in more than 90 countries of the world in industries such as finance, health, education, mining, industry and IT and telecommunications.

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