Equiteq is pleased to have advised leading hyper automation consultancy Novatio Solutions on its investment led by Keystone Capital Management.
Novatio was founded in 2015 and has quickly grown into an automation consulting leader, with deep expertise in automation strategy, software implementation and ongoing support of automation programs. Novatio works primarily in partnership with UiPath and Automation Anywhere, the leading robotic process automation (RPA) and intelligent automation software platforms.
Novatio’s rapidly expanding team includes more than 100 resources across the US and India, where it provides its roster of enterprise, healthcare, and SLED (state, local, and education) clients with full-lifecycle automation solutions consisting of process discovery & mining, software implementation & customization, bot development, and ongoing managed support & execution services. Novatio’s differentiated delivery and talent development model is supported by a best-in-class automation technology training program.
“We are delighted to partner with a patient and experienced investor in Keystone Capital to help build on the success Novatio has enjoyed to date,” remarked Gokul Solai, CEO of Novatio. “Intelligent automation is still in its infancy and this partnership is an important step to ensure we will continue to be at the forefront of the industry. We look forward to continuing to develop new and exciting solutions to expand the impact that process consulting and automation can have within our client partners’ organizations.”
Novatio represents a furtherance of Keystone’s investment success in the tech-enabled services sector. “Novatio is exceptionally well-positioned to capitalize on the significant opportunity in the intelligent automation industry,” commented Bill Sommerschield, Managing Director at Keystone Capital. “We are thrilled to partner with Gokul and his team to collaboratively build a preeminent service provider in this dynamic and fast-growing marketplace.”
Regarding Equiteq’s role in the transaction, Gokul Solai, CEO of Novatio Solutions said: “We partnered with Equiteq based on their unique understanding of the intelligence automation industry and track record advising on M&A transactions in the space. The Equiteq team was instrumental in guiding us through the process and selecting Keystone as the right partner to support the business through the next phase of growth."
Graham Bell, Vice President at Equiteq adds: “The Novatio management team has done a phenomenal job of building a market leading intelligent automation platform. It was a pleasure working with Gokul and his team on this transaction and we believe that partnering with Keystone will help the business reach its full potential.”
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