NEWS: Appian acquires Novayre Solutions SL, developer of the Jidoka RPA (Robotic Process Automation)

Appian has  announced the acquisition of Novayre Solutions SL, developer of the Jidoka RPA platform. Jidoka is currently the highest-rated RPA software on Gartner Peer Insights.  Financial terms are not being disclosed.

TESTIMONIALS:

“Appian is extending our lead in low-code automation by adding RPA,” said Matt Calkins, CEO, Appian. “Together, the products enable end-to-end process orchestration where humans, software robots, and AI all work together in a coordinated way.”

“Our shared vision for automation makes this a natural fit for Novayre. By joining forces with Appian, we will make it easier for companies to adopt and deploy RPA at enterprise scale,” said Víctor Ayllón, CEO of Novayre.

MARKET

According to Forrester, the RPA market is expected to reach $12 billion by 2023, but many organizations are still in the early stages of their RPA journey. Companies have experimented with RPA by implementing robots from multiple vendors, resulting in a fragmented technology landscape. Robots are often deployed in silos without effective human oversight, creating management challenges. CIO concerns about robot security and governance have also limited the growth of RPA for larger-scale use cases.

BENEFITS OF THIS ACQUISITION

Appian’s acquisition addresses these challenges. Appian says that their customers will benefit from:

• One-stop shop for Automation. Appian will unify low-code development and RPA in one comprehensive automation platform, enabling the orchestration of all three agents of modern work — humans, bots, and artificial intelligence. Appian’s top-rated case management capabilities are included, so if robots create errors or exceptions, humans are involved in-the-loop to quickly make corrections.
• Governed robotic workforce. Appian will deliver RPA governance for the enterprise. Organizations will be able to manage robotic workforces from major RPA vendors, including Blue Prism and UIPath. The business interfaces for managing robots — including monitoring, scheduling, and reporting — are available on both the web and mobile devices. The service will deliver powerful analytics and reporting, ranging from impact analysis to compliance.
• Enterprise-grade RPA. RPA from Appian will be cloud RPA and Java RPA. The new service will be available globally on the Appian cloud. Bot developers can leverage a  powerful Java Integrated Development Environment (IDE), which enables them to build sophisticated robots. They will also be able to incorporate powerful AI, powered by Google, that extends robot use cases and facilitates bot management. Enterprise-grade security, featuring SOC 2 and ISO 27001 compliance certifications, will be built in.
• Appian is a public, NASDAQ-listed company, and is the only leader in both the Gartner Magic Quadrant for Enterprise Low-Code Application Platforms and for Intelligent Business Process Management Suites (iBPMS). Appian is committed to delivering an open platform and will continue to work with and integrate to major RPA vendors, giving customers flexibility and freedom of choice in RPA.

* Source: Appian's Press Release

BP Logix is Acquired by Finrock Growth Partners to Help Leverage High Growth Opportunities in a Market Projected to Cross $20 billion by 2020

BP Logix, provider of Low-Code BPM solutions for rapid digital application development, has announced that the company has been acquired by Finrock Growth Partners (Finrock), a private equity firm that acquires and operates businesses in the software sector. The acquisition expands BP Logix’s commitment to helping its clients accelerate the automation of their mission critical business processes.

The acquisition comes after more than two decades of BP Logix growth delivering high levels of product innovation and successful customer relationships. “BP Logix is experiencing exponential growth and we are delighted to provide our capital and operating expertise to help scale the business from a long-term perspective,” said Girish Pashilkar, managing partner at Finrock Growth Partners. “Their flagship Process Director platform is already highly regarded by customers and industry analysts. Our aim is to help BP Logix extend its leadership position while creating more industry-specific solutions.”

Finrock has appointed Girish Pashilkar, a seasoned executive with over 20 years’ experience in growing software and recurring service businesses, as the company’s new CEO.  BP Logix co-founders Jay O’Brien and Joby O’Brien will continue on in key executive roles within the company and focus on enhancing the product and the technology platform.

Until recently, Girish was the CEO of Workplace Answers, LLC (WPA), a leading online compliance solutions business. Under Girish’s leadership, WPA featured in the Inc 500/5000 fastest growing businesses for 6 consecutive years. Before WPA, Girish was a senior executive with Infosys Technologies (NASDAQ: INFY), a leading global technology and consulting services firm. Earlier in his career Girish was at Arthur Andersen, where he advised Fortune 500 corporations undertaking process and technology transformation programs.

“Finrock has demonstrated its ability to acquire and integrate companies with great success, and its acquisition of BP Logix is an endorsement of our technology  innovation and business performance,” said Jay O’Brien. “Since the beginning, our mission has been to provide truly ground-breaking technologies that provide real solutions to our customer base. Now, we can look forward to continued growth as we capitalize on new markets and directions with Finrock.”

Source: Press Releas of BP Logix