Left Menu
Development News Edition

Automation Anywhere Completes Acqui-hire of Cathyos Labs to Support Strategic Growth Plan

PR Newswire | Bengaluru | Updated: 06-11-2019 14:46 IST | Created: 06-11-2019 14:46 IST

Automation Anywhere, a global leader in Robotic Process Automation (RPA), today announced the acqui-hire of product engineering start-up Cathyos Labs to support the company's expansion and product innovation.

Cathyos Labs specializes in product development, automation, RPA and predictive analytics. Through the acqui-hire, Automation Anywhere will strengthen its engineering team to increase product development, support and delivery for customers in India and across the region.

Cathyos Labs is the first talent led acquisition by Automation Anywhere. Throughout India, acqui-hires are becoming common as organizations purchase a company in order to acquire or gain access to its employees, but not necessarily the company's products and services.

Cathyos Labs engineers, including the co-founders will join Automation Anywhere's product engineering team to provide development support for the industry's first and only web-based RPA platform, Enterprise A2019. Automation Anywhere is headquartered in San Jose, California. In India, Automation Anywhere has offices in Bengaluru, Mumbai and Vadodara.

"There is growing customer demand for intelligent automation technology in India and across the broader region as organizations seek to improve productivity and lower operating costs," said Prince Kohli, Chief Technology Officer, Automation Anywhere. "We are eager to welcome the engineers from Cathyos Labs to add their expertise and support to our digital workforce platform, as well as our broader product development teams."

"We have been working with Fortune 500 companies for some time to infuse innovation into product engineering and data engineering consultation and services," said Kumar Saurabh Johny, Co-founder of Cathyos Labs. "Our expertise in RPA and cloud infrastructure scaling will be a valuable addition to the product development team at Automation Anywhere."

"Automation Anywhere continues to rapidly expand our market share and product portfolio, which requires acquiring exceptionally talented people in the right geography. Cathyos Labs represents the ideal organization, experience and culture, that as a team, will be able to immediately provide impact to Automation Anywhere's innovation engine," said Peter Meechan, Chief Corporate Development Officer, Automation Anywhere. "We look forward to working with these top innovators to advance our RPA digital workforce platform."

India, the Middle East, and Africa (IMEA) remains one of the fastest-growing regions for Automation Anywhere. In IMEA, the company has experienced a growth rate of approximately 200 percent year-over-year. This growth reinforces the company's position as one of the industry's most widely deployed, enterprise-grade intelligent RPA platforms.

About Automation Anywhere

Automation Anywhere is a leader in Robotic Process Automation. The company's enterprise-grade platform uses software bots that work side by side with people to do much of the repetitive work in many industries. It combines sophisticated RPA, cognitive and embedded analytic technologies. More than 3,500 customer entities and 1,900 enterprise brands use this AI-enabled solution to manage and scale business processes faster, with near-zero error rates, while dramatically reducing operational costs. Automation Anywhere provides automation technology to leading financial services, insurance, healthcare, technology, manufacturing, telecom and logistics companies globally. For additional information, visit www.automationanywhere.com.



TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

Over 950 people without mask penalised: Noida Police   Noida (UP'

Over 950 people who were found without face masks at public places were issued challans across Noida and Greater Noida on Wednesday amid the COVID-19 pandemic, police said. Police Commissioner Alok Singh has directed officials to challan th...

Yellow Classes raises USD 1.3 mn in pre-series funding

Yellow Class, an online hobby platform for young kids, on Wednesday said it has raised USD 1.3 million about Rs 9.6 crore in a pre-series A funding round led by India Quotient. The city-based start-up, launched in the middle of coronavirus-...

Thousands without heating, power in Russia after ice storm

Thousands of people in Russias Far East region of Primorye remained without heating or electricity on Wednesday, as local authorities and emergency services wrestled with the consequences of an unprecedented ice storm that hit the region la...

Gujarat: Four labourers found dead at farm

Four farm labourers, including a woman, were found dead at an agricultural field in Botad district of Gujarat on Wednesday, police said. Their bodies have been sent for post-mortem, police said.The deceased were identified as Ratanbhai Naya...

Give Feedback