Cloudy Redwood Software announced that it has scored a £270.5 million strategic investment from growth equity firm Turn/River Capital.
The investment from Turn/River will enable Redwood to accelerate new feature development for its industry-leading IT and business process automation platform, which FeaturedCustomers recently recognised as a rising star in the Spring 2021 RPA Software Customer Success Report.
Statista estimates the global automation industry will generate $214 billion in 2021, with process automation exceeding $83 billion.
Founded in 1993, Netherlands-based Redwood Software serves thousands of global enterprise customers, including Coca-Cola, GM, Halliburton, Grainger, Wells Fargo, UBS, Mercedes-Benz, Airbus, Siemens, and Heineken. Redwood was named the “Best SaaS Workload Automation Solution” in 2019 by EMA.
