Automation Anywhere to purchase FortressIQ
Automation Anywhere, a global leader in robotic process automation (RPA), has entered into a definitive agreement to acquire cloud pioneer FortressIQ, a process discovery and mining company based in San Francisco.
According to Automation Anywhere, 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.
"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."
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.
For additional information, visit www.automationanywhere.com.