YFM Equity Partners, a private equity investor with offices in Manchester and Leeds, has completed a £5m Series A investment in cloud-based intelligent test automation and DevOps software provider AutomatePro.
The funding will help the company build on its presence in the US and continue to invest in product innovation as it experiences a period of rapid growth as Automate Pro’s enterprise customers seek to maintain regulatory compliance of critical cloud platforms and get the most out of their investment in platforms such as ServiceNow, for whom Automate Pro is an official partner.
With its patented intelligent software solution, AutomatePro removes mundane and repetitive tasks from development teams, helping keep software up to date and running efficiently, and helps businesses accelerate delivery of business critical applications on their enterprise cloud platforms.
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.
YFM’s investment will be used to scale up AutomatePro’s sales, marketing and customer success functions and to develop innovative new product modules. The investment will also help the business continue expansion into the US, filling the demand from the existing and growing ServiceNow ecosystem.
This marks the latest investment by YFM into the DevOps software sector following recent investment in Quality Clouds and intelligent analytics SaaS platform, Plandek.
Roshan Puri, investment director at YFM Equity Partners said: “The AutomatePro team has built a world class SaaS product that’s delivering significant value to some of the largest and most complex organisations. 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.”
