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Automation Anywhere acqui-hires product engineering startup Cathyos Labs

Automation Anywhere said the acqui-hire would strengthen its engineering team and help increase product development, support and delivery for customers.

, ET Bureau|
Nov 05, 2019, 02.41 PM IST
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Cathyos Labs specializes in product development, automation, RPA and predictive analytics, said Automation Anywhere.

NEW DELHI: Automation Anywhere, a robotic process automation company, said in a press release today that it “acqui-hired” Cathyos Labs, a Bengaluru-based product engineering startup.

Cathyos Labs specializes in product development, automation, RPA and predictive analytics, said Automation Anywhere. The company said the acqui-hire would strengthen its engineering team and help increase product development, support and delivery for customers.

Acqui-hiring is when a company buys out another company for its talent. In this case, Cathyos Labs’ engineers, including the co-founders will join Automation Anywhere’s product engineering team.

“There is growing customer demand for intelligent automation technology in India and across the broader region as organizations 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.”

“Automation Anywhere continues to rapidly expand our market share and product portfolio, which requires acquiring exceptionally talented people in the right geography,”’ said Peter Meechan, Chief Corporate Development Officer, Automation Anywhere.

Automation Anywhere is headquartered in San Jose, California. In India, it has offices in Bengaluru, Mumbai and Vadodara.

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