Work Here?
About Redwood
Industries
Consulting
Enterprise Software
Company Size
501-1,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$346.5M
Headquarters
Frisco, Texas
Founded
1993
Overview
Redwood specializes in automation solutions that improve business operations, particularly in the enterprise software market. The company offers finance automation to reduce repetitive tasks in Enterprise Resource Planning (ERP) systems, workload automation for IT departments to manage job scheduling via cloud-based solutions, and automated report distribution to ensure timely delivery of critical business reports. Unlike many competitors, Redwood provides its services through a subscription model, allowing for scalable and customizable options tailored to client needs. The goal of Redwood is to help businesses enhance efficiency and reduce costs by freeing up resources, enabling them to focus on more strategic initiatives.
Simplify's Take
What believers are saying
- Redwood named a Leader in 2024 Gartner Magic Quadrant for Service Orchestration.
- Increased RPA adoption in finance departments boosts demand for Redwood's solutions.
- Shift to hybrid cloud environments creates opportunities for Redwood's workload automation.
What critics are saying
- Increased competition from startups could threaten Redwood's market share.
- Acquisition by Vista Equity Partners may disrupt Redwood's business model.
- Rapid AI advancements could render Redwood's offerings obsolete if innovation lags.
What makes Redwood unique
- Redwood specializes in automation solutions for enterprise software, enhancing business operations.
- The company offers finance, workload automation, and report distribution as core services.
- Redwood's subscription-based model provides scalable, customizable automation solutions for diverse client needs.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$346.5M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Remote Work Options
Professional Development Budget
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 2%2 year growth
↑ 2%I'm honored and proud to announce that Gartner has named Redwood Software a Leader positioned furthest in Completeness of Vision in the 2024 Magic Quadrant(TM) for Service Orchestration and Automation Platforms (SOAPs) report.
FRISCO, Texas, Sept. 17, 2024 /PRNewswire/ - Redwood Software, a leading and innovative provider of solutions in Service Orchestration and Automation Platforms (SOAP), today announced that Redwood Software has been positioned by Gartner(R) as a Leader in the Magic Quadrant for SOAP report.
FRISCO, Texas, 11 de septiembre de 2024 /PRNewswire/ -- Redwood Software ("Redwood"), líder en soluciones de tejido de automatización, anunció hoy que acordó ser adquirida por fondos afiliados a Vista Equity Partners ("Vista"), una firma de inversión global centrada exclusivamente en software, datos y tecnología empresarial, y Warburg Pincus, un inversor líder en crecimiento mundial. Los términos de la transacción no fueron revelados; la transacción está sujeta a condiciones y aprobaciones habituales. Las soluciones de tejido de automatización de Redwood ayudan a los clientes a componer, orquestar y gestionar procesos comerciales y de TI en cualquier aplicación, servicio o servidor con confianza y control. En junio, Redwood anunció que había agregado más de 1.000 nuevos clientes desde mediados de 2023 y, al mismo tiempo, había logrado un desempeño financiero superior a la "Regla de los 60". Actualmente, Redwood presta servicios a más de 7.500 clientes en todo el mundo, incluido el 28% de Fortune 500 y el 40% de Fortune 50. "Es un honor para nosotros unir fuerzas con Vista Equity Partners y Warburg Pincus
Vista Equity Partners and Warburg Pincus have agreed to acquire Redwood Software, a Frisco, Texas-based provider of automation fabric solutions.
Redwood is backed by Turn/River Capital.
Redwood is Hiring for 26 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Redwood
Industries
Consulting
Enterprise Software
Company Size
501-1,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$346.5M
Headquarters
Frisco, Texas
Founded
1993
Redwood is Hiring for 26 Jobs on Simplify!
Find jobs on Simplify and start your career today