Automation Anywhere, announced its intend to acquire San Francisco based company cloud pioneer FortressIQ and the combination of both the companies will usher in a new era of intelligent automation by enabling organizations to accelerate automation initiatives and transform in a digital-first world.
“The Fortress IQ team are the pioneers of process intelligence, making this a perfect match,” said Mihir Shukla, CEO and Co-Founder, Automation Anywhere. “Together, Automation Anywhere and FortressIQ will reshape the future of automation, changing the way our customers automate, adapt, and accelerate as they pursue digital transformation initiatives. I’m thrilled to welcome FortressIQ to the Automation Anywhere family once the transaction closes.”
“Automation Anywhere is a global leader of the RPA revolution, and nearly two decades later, is reimagining automation to be cloud-native, intelligent, and designed for every person in every company,” said Pankaj Chowdhry, CEO and Founder, FortressIQ. “We share a vision to deliver and automate at scale, as well as share common values to help customers succeed on a trusted platform. This will change the industry, and I’m excited about what we can automate next.”
Building the Automated Company, Together
Demand for robotic process automation has skyrocketed as the pandemic endures and companies look for new ways to streamline business processes. Process intelligence, as part of RPA, is essential, helping companies identify, map, and analyze the multi-dimensional processes that extend across hundreds of applications and hundreds of thousands of employees.
With the acquisition of FortressIQ, Automation Anywhere will advance its AI-powered, cloud-native Automation 360 platform with process discovery, intelligence, and optimization that can scale to any system or application across any vertical. The new capabilities offer built-in intelligence that provides fast, accurate visibility on which processes can and should be automated.
Automating low-value, manual tasks can free up time and resources that can then be used by organizations to adapt to changing business conditions. Automation Anywhere customers have collectively implemented nearly 3 million automations, with leading companies deploying tens of thousands of bots throughout their organizations, primarily in the cloud.
