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AutomatePro, a leading provider of Cloud based intelligent test automation and DevOps solutions, today announced YFM has made a strategic investment of £5million in the company. This investment will help propel product development and accelerate the company’s roadmap. AutomatePro’s patent protected product built on the ServiceNow platform, improves the efficiency and effectiveness of cloud platform development teams and helps to speed up and reduce the cost of maintaining critical software for enterprise customers including pharmaceutical giants, global banks, public sector, and IT services partners.
“The AutomatePro team has built a world class SaaS (software as a service) product that’s delivering significant value to some of the largest and most complex organisations”
“The AutomatePro team has built a world class SaaS product that is delivering significant value to some of the largest and most complex organisations said Roshan Puri, Investment Director at YFM Equity Partners. “Intelligent automated testing is a key feature of DevOps best practice and has become a necessity for organisations looking to maximise value from their IT infrastructure and IT talent. We are really bullish on investing further in software and services business enabling DevOps, and the great teams we are backing are benefiting from being part of a group of high growth business in this space with the common support of YFM.”
Paul Chorley, Chief Executive Officer, and Co-Founder of AutomatePro, said: “We are delighted to welcome YFM on board as our first institutional shareholder, having recognised early on the alignment with our strategy and values. We are incredibly grateful for the support we have had from PrefCap and our seed investors in getting us to this stage. The investment and support from YFM will enable us to help even more enterprises across the globe accelerate their digital transformation with ServiceNow and other cloud platforms. Our customers will benefit from an increased capacity to further innovative our ground-breaking automated DevOps capabilities.”
“AutomatePro would like to thank their customers for their continued support of our company. Your loyalty means the world to us, and we are grateful to have such a wonderful group of customers. We are excited that the new investment will allow us to bring even more innovative and high-quality features and services to you in the future. “
AutomatePro’s product is closely aligned with multi-billion-dollar revenue software business ServiceNow, enabling automated testing and automated documentation creation for its enterprise Software as a Service (SaaS) platform, helping accelerate ServiceNow’s customers’ digital transformation programs. AutomatePro is part of the select ServiceNow Solutions Partner Programme and the only automated testing and DevOps app on the ServiceNow App Store.
Gartner’s recently published Top Strategic Technology Trends 2023 highlights the importance of automated testing for CIOs looking for new practices and approaches to deliver high business value that mitigate risk and increase customer satisfaction. Gartner predicts that by 2025, organizations that invest in building digital immunity will reduce system downtime by up to 80% – and that translates directly into higher revenue.
Having recently attended ServiceNow World Forum in late 2022, AutomatePro looks forward to attending and showcasing its solutions at Knowledge 2023.
AutomatePro offers patented intelligent automated testing and software development quality control DevOps solutions for enterprise cloud platforms such as ServiceNow. AutomatePro enables companies to test and assess business-critical enterprise cloud applications with unprecedented effectiveness and efficiency.
YFM invests £2m to £10m into businesses with strong growth potential located across the UK through a regional network of offices in London, Leeds, Manchester, Reading and Birmingham. YFM Equity Partners conducts its investment business through its subsidiary YFM Private Equity Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 122120).
For more information, please visit www.yfmep.com