Automation Anywhere: the market awaits IPO news

Investors expect that Automation Anywhere will make its listing debut soon. The company's entry into the market is one of the most anticipated in 2022.

Veligera Capital acquired Automation Anywhere shares in August 2021.

Automation Anywhere caught the attention of investors last year when the tech gurus with IPO experience hired to join the team.

In May, the company announced the appointment of James Budge as chief financial officer and Mike Micucci as chief operating officer.

James Budge (left) and Mike Micucci (right)

Budge is an experienced CFO who previously held a similar position at the online education project Pluralsight, and has led three companies for IPOs. Micucci led the Commerce Cloud and Community Cloud divisions at Salesforce.com as CEO before the transition.

Mihir Shukla, CEO and Co-Founder of Automation Anywhere, during a keynote on HR Solutions, said: “With these skilled industry veterans on board, we are more than ever poised to bring the benefits of cloud RPA and intelligent automation to every organization that wants to free their employees from routine repetitive tasks to make them more productive. I am very happy to welcome these world-class leaders. We are building market momentum and moving towards the next stage of development.”

Additionally, in September 2021, the company hired Ben Yerushalmi as Senior Vice President of the Global Alliances and Channels. Yerushalmi moved to Automation Anywhere from Salesforce where he has spent the last seven years. Previously, he was involved in similar activities at Oracle and Siebel.

News about Automation Anywhere consultations with investment banks appeared in September 2021.

Sources of Bloomberg News reported that the company is working on preparations for its listing that could take place in 2022.

Investors can expect news of Automation Anywhere's IPO at any moment.

It is not yet known if the company will go public through a traditional IPO or a direct listing.

About company:

Automation Anywhere offers the world's only networked and cloud-based intelligent automation platform that combines RPA (Robotic Desktop Automation), artificial intelligence, machine learning and analytics to enable organizations to quickly launch and start scaling business process automation. It has offices in more than 40 countries and a global network of 1200 partner companies. The company has deployed over 1.7 million bots to support the largest businesses across all industries.

Automation Anywhere partners with such technology giants as Microsoft, Google and Amazon Web Services.

As of 2019, Automation Anywhere received a $6.8 billion valuation in a Series B.

Investors include Goldman Sachs, Salesforce Ventures and Vision Fund (SoftBank).

Based on a source: https://investmentu.com/automation-anywhere-ipo/

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