- Redwood Software – a leading provider of cloud-based IT and business process automation solutions – recently announced that it has raised a strategic investment of € 315 million. Those are the details.
Redwood Software – a leading provider of cloud-based business and IT process automation solutions – recently announced that it has raised a € 315 million strategic investment from growth equity firm Turn / River Capital. This Turn / River investment will allow Redwood to accelerate the development of new features for its IT and business process automation platform. And Redwood has a long history of providing its customers with powerful automation tools to meet all the needs of the modern enterprise. Statista estimates that the global automation industry will generate $ 214 billion in 2021, with process automation exceeding $ 83 billion.
Redwood Software is known as an established leader in leveraging powerful low code technology to automate industrial-scale business processes in infrastructure management, financial automation, automated DevOps, supply chain management and more. And as companies respond to recent market disruptions and invest heavily in technology to promote agility and collaboration, Turn / River’s growth financing will support the company’s already “Rule of 60” in advancing its capabilities to unlock new efficiencies in mission-critical business processes and deepen your leadership in automation tools evolving for the modern workplace.
Launched in 1993, Redwood Software, based in the Netherlands, serves thousands of global business customers, including Coca-Cola, GM, Halliburton, Grainger, Wells Fargo, UBS, Mercedes-Benz, Airbus, Siemens and Heineken.
“The modern company needs sophisticated automation solutions to scale quickly and still remain agile in the event of interruptions. It is imperative that organizations adopt technology that can support the breadth of their business operations. Redwood provides the only cloud-based solution of its kind, developed specifically for the company, standing out as a market leader. “
– Dan Twing, president and chief operating officer, analyst firm Enterprise Management Associates (EMA)
“We are excited about the partnership with Turn / River. The team’s market experience combined with Redwood’s cutting edge technology will create a highly complementary partnership and further our goal of bringing modern automation to all companies. “
– Tijl Vuyk, CEO and founder of Redwood Software
“Redwood is a technology leader that allows the world’s largest companies to automate manual tasks and optimize complex business processes. We are very excited to provide growth finance and market entry support for the expansion of Redwood’s mission critical software solutions. “
– Dominic Ang, founder and managing partner of Turn / River Capital