Wednesday 6th November, 2019
Automation Anywhere has announced the acqui-hire of product engineering start-up Cathyos Labs to support the company's expansion and product innovation.
Cathyos Labs specialises in product development, automation, RPA and predictive analytics. Through the acqui-hire, Automation Anywhere will strengthen its engineering team to increase product development, support and delivery for customers in India and across the region.
Cathyos Labs is the first talent led acquisition by Automation Anywhere. Throughout India, acqui-hires are becoming common as organisations purchase a company in order to acquire or gain access to its employees, but not necessarily the company's products and services.
Cathyos Labs engineers, including the co-founders will join Automation Anywhere's product engineering team to provide development support for the industry's first and only web-based RPA platform, Enterprise A2019. Automation
"There is growing customer demand for intelligent automation technology in India and across the broader region as organisations seek to improve productivity and lower operating costs," said Prince Kohli, Chief Technology Officer, Automation Anywhere. "We are eager to welcome the engineers from Cathyos Labs to add their expertise and support to our digital workforce platform, as well as our broader product development teams."
"We have been working with Fortune 500 companies for some time to infuse innovation into product engineering and data engineering consultation and services," said Kumar Saurabh Johny, Co-founder of Cathyos Labs. "Our expertise in RPA and cloud infrastructure scaling will be a valuable addition to the product development team at Automation Anywhere."