Neostella, a Milwaukee, WI-based hyperautomation company, acquired Work-Relay, a Chicago, IL-based provider of Business Process Management software that offers cloud-based workflow automation capabilities across complex business processes and projects.
The amount of the deal was not disclosed.
With the acquisition, Neostella will be reinforce its ability to deliver broader value to the $860B hyperautomation market. Adding to existing partnerships with RPA vendor UiPath (NYSE: PATH) and IPaaS vendor Workato, the acquisition of Work-Relay enables the company to add workflow automation to their comprehensive set of offerings.
Led by CEO Kramer Reeves, Work-Relay is a SaaS development company that offers a comprehensive business process management (BPM) solution natively built on Salesforce for digitizing, managing, and optimizing complex business operations. It is based in the US with operations across four continents.
Led by CEO Matt Lautz, Neostella provides business consulting, automation, and implementation services. The firm works closely with their clients to identify opportunities for better efficiency, refine processes, and create solutions designed to meet their business needs. Founded in 2020, Neostella has grown to over 100 employees with office locations in North America, South America, Europe, and Asia while expanding its range of services.
FinSMEs
30/09/2022