RPA vendor Automation Anywhere to acquire FortressIQ

Automation Everywhere has entered into a definitive agreement to purchase FortressIQ, a process discovery and mining vendor.

The robotic process automation (RPA) vendor uncovered specifics bordering the acquisition on Dec. 23. The acquisition is established to near in early January. Neither Automation Everywhere nor FortressIQ disclosed the price tag of the acquisition.

Started in 2003, Automation Everywhere is noticed as a single of the top rated independent RPA suppliers, along with UiPath. The vendor offers consumers with equipment to automate small business processes making use of AI-run “digital staff,” or bots.

The acquisition of FortressIQ will allow for Automation Everywhere to advance its AI-run, cloud-indigenous Automation 360 platform with process discovery, intelligence and optimization so consumers can scale to any program or application. Clients will also get new equipment with crafted-in intelligence to promptly detect which processes can and ought to be automated.

“FortressIQ is a way of supercharging RPA due to the fact it enables us to feed new points to automate into our platform and do it genuinely effectively and effectively,” mentioned Mike Micucci, Automation Anywhere’s main running officer.

Getting ready to go general public

This acquisition of FortressIQ is likely to assist them say ‘we have all the parts expected for substantial scale assignments, substantial scale automation or digital transformation assignments.’
Kashyap KompellaAnalyst, RPA2AI Analysis

The acquisition is a way for the vendor to round out its merchandise portfolio as it races towards an IPO in 2022, mentioned RPA2AI Analysis analyst Kashyap Kompella.

“This acquisition of FortressIQ is likely to assist them say ‘we have all the parts expected for substantial-scale assignments, substantial-scale automation or digital transformation assignments,'” Kompella mentioned.

Because process intelligence — which is made up of process mining and process discovery — is a complementary technology to process automation, several of the substantial gamers in the RPA current market have added it to their portfolio in advance of likely general public. Automation Everywhere competitor UiPath in the same way acquired ProcessGold, a process mining vendor, as it prepared for an IPO two several years back. Other RPA suppliers, which includes Kyron, also have sturdy process intelligence abilities.

“On the process intelligence entrance, this acquisition assists Automation Everywhere catch up,” Kompella mentioned.

An intriguing posture

The acquisition places FortressIQ in an intriguing predicament. The vendor — established in 2017 — has technology partnerships with Microsoft Power Automate and Blue Prism, which competes with Automation Everywhere.

Past 12 months, Microsoft acquired RPA vendor Softomotive to offer a low-code program for its Power Automate users. And even though Blue Prism is envisioned to be acquired by Vista, a private fairness business, the RPA vendor used to be a single of the top rated suppliers in the process automation place.

As FortressIQ integrates with Automation Everywhere, its partnerships with Microsoft and Blue Prism are probably to be deprioritized, Kompella mentioned. Clients making use of Microsoft Power Automate or Blue Prism ought to establish a extended-time period technique for their process setting up, Kompella mentioned.

FortressIQ founder and CEO Pankaj Chowdhry mentioned that even though partnerships are excellent, becoming acquired by Automation Everywhere offers value to consumers. He mentioned consumers want a organization that can be a one stage to choose them from the discovery process to comprehend value, which is tricky to do with partnerships.

“The combination with Automation Everywhere … we get a deeper level of integration,” Chowdhry mentioned. “We can affect their roadmap, they can affect our roadmap, so we can produce to consumers effectively.”

A normal development

The acquisition is a normal development for the complete industry, mentioned Jason English, an analyst at Intellyx. The very first generation of RPA has performed alone out as much as becoming in a position to seize manual perform processes and repeat human actions, English mentioned.

RPA suppliers will shift towards deeper automated indicates of capturing selection processes, he mentioned.

“You happen to be likely to see far more substantial suppliers investing in data science on the downstream side,” English mentioned. “On the upstream side, you are likely to see far more and far more intelligent seize of interactions amongst techniques and persons, as effectively as becoming in a position to mine processes from all the current communication and data they by now have.”