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New Deal


Announced

SoftBank Group-backed Automation Anywhere to acquire FortressIQ.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

IT Services: Other

Pending

Private

Private Equity

United States

Majority

Single Bidder

Domestic

security

Acquisition

Synopsis

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SoftBank Group-backed Automation Anywhere, a robotic process automation company, agreed to acquire FortressIQ, a process discovery company. Financial terms are not disclosed. "The Fortress IQ team are the pioneers of process intelligence, making this a perfect match. Together, Automation Anywhere and FortressIQ 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 FortressIQ to the Automation Anywhere family once the transaction closes," Mihir Shukla, Automation Anywhere CEO and Co-Founder.

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