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Automation Anywhere to Acquire FortressIQ to Reimagine Intelligent Automation

Automation Redefining the future of AI-powered intelligent automation and process discovery

Automation Anywhere, a global leader in robotic process automation, announced that it has entered into a definitive agreement to acquire cloud pioneer FortressIQ, a leading process discovery and mining vendor based in San Francisco.  

Combining FortressIQ with Automation Anywhere will usher in a new era of intelligent automation  enabling companies to accelerate automation initiatives and transform in a digital-first world.

PREDICTIONS-SERIES-2022  “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 Fortress IQ  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 Fortress IQ to the Automation  Anywhere family once the transaction closes.” 

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Demand for robotic process automation has skyrocketed as the pandemic endures and companies look  for new ways to streamline business processes. Process intelligence is essential, helping companies  identify, map, and analyze the multi-dimensional processes that extend across hundreds of applications  and 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 to provide fast, accurate visibility to identify which processes can and should be automated. 

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“Today, organizations face a tough reality – either automate quickly to remain relevant and thrive in an  increasingly digitized world or face the sheer number of broken business processes resulting from the  COVID-19 pandemic,” said Maureen Fleming, Program Vice President, IDC. “Process intelligence should  be at the forefront of any transformation effort, and this acquisition unites two cloud pioneers in each  process automation and discovery to jump-start automaton efforts at any company, build automations  at speed, and breakthrough logjams, resulting in desired business outcomes.”  

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.

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[To share your insights with us, please write to sghosh@martechseries.com]

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