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Automation Anywhere to Acquire FortressIQ

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A global leader in robotic process automation (RPA), Automation Anywhere, has signed a definitive deal to buy cloud pioneer FortressIQ, a leading process discovery and mining firm based in San Francisco. By combining FortressIQ with Automation Anywhere, enterprises will be able to expedite automation programs and transform in a digital-first world, ushering in a new era of intelligent automation.

Mihir Shukla, CEO, and Co-Founder, Automation Anywhere, said, “The Fortress IQ team are the pioneers of process intelligence, making this a perfect match. 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.”

As the pandemic continues, firms are looking for new methods to streamline business processes, which has resulted in a surge in demand for robotic process automation. Process intelligence is a critical component of RPA since it assists firms in identifying, mapping, and analyzing multi-dimensional processes that span hundreds of apps and hundreds of thousands of personnel.

Pankaj Chowdry, CEO and Founder, FortressIQ, said, “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. 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.”

Automation Anywhere will expand its AI-powered, cloud-native Automation 360 platform with process identification, insight, and optimization that can scale to any system or application across any vertical with the acquisition of FortressIQ. Built-in intelligence in the new capabilities enables a fast, accurate view into which tasks can and should be automated.

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