Posted on May 12, 2021 by Nick Farrell - News
Cloudy Redwood Software announced that it has scored a £270.5 million strategic investment from growth equity firm Turn/River Capital.
The investment from Turn/River will enable Redwood to accelerate new feature development for its industry-leading IT and business process automation platform, which FeaturedCustomers recently recognised as a rising star in the Spring 2021 RPA Software Customer Success Report.
Statista estimates the global automation industry will generate $214 billion in 2021, with process automation exceeding $83 billion.
Founded in 1993, Netherlands-based Redwood Software serves thousands of global enterprise customers, including Coca-Cola, GM, Halliburton, Grainger, Wells Fargo, UBS, Mercedes-Benz, Airbus, Siemens, and Heineken. Redwood was named the “Best SaaS Workload Automation Solution” in 2019 by EMA.
Redwood Software Raises €315M Strategic Investment from Turn/River Capital to Expand Cloud Automation Solutions
Strategic financing aims to accelerate product development to meet demand for broader enterprise automation capabilities
FRISCO, Texas and LONDON, May 11, 2021, a leading provider of cloud-based business and IT process automation solutions, today announced a €315 million strategic investment from growth equity firm
Turn/River Capital. The investment from Turn/River will enable Redwood to accelerate new feature development for its industry-leading IT and business process automation platform, which FeaturedCustomers
recently recognizedas a rising star in the Spring 2021 RPA Software Customer Success Report. Redwood has a long history of providing its clients with powerful automation tools to meet all the needs of the modern enterprise.
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UKG (Ultimate Kronos Group), a leading global provider of HCM, payroll, HR service delivery, and workforce management solutions, has been recognized by its customers through popular software review sites for customer success and product satisfaction.
“At UKG, we’re committed to inspiring workforces around the world. Being recognized by our own customers who choose and stay with UKG year after year, as reflected by our customer retention is incredible validation of the work our 13,000-plus U Krewers globally perform daily,” said Chris Todd, president at UKG. “We care deeply about our customers’ long-term success. Our innovative solutions, expansive international footprint, and award-winning support help customers empower their people and digitally transform their business to achieve success.”