Redwood

Redwood

Provides automation solutions for businesses

About

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 tools, 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, reduce costs, and adapt quickly to market changes by freeing up resources for more strategic activities.

Company Stage

Acquired

Employees

501-1,000

Industries

Consulting, Enterprise Software

Total Funding

$337.1M

Headquarters

N/A

Founded

N/A


Simplify Jobs

Simplify's Take

What believers are saying

  • Redwood's recognition with the SAP Pinnacle Award and its long-standing partnership with SAP highlight its industry leadership and reliability.
  • The addition of experienced executives like Charles Crouchman and Rama Vadakattu strengthens Redwood's product development and customer support capabilities.
  • Serving 40% of Fortune 50 companies, Redwood has a strong client base that underscores its market penetration and trustworthiness.

What critics are saying

  • The competitive landscape in enterprise automation is intense, with numerous players vying for market share.
  • Dependence on SAP for a significant portion of its business could pose risks if the partnership dynamics change.

What makes Redwood unique

  • Redwood's deep integration with SAP, including exclusive SaaS solutions like RunMyJobs, sets it apart from other automation providers.
  • The company's focus on finance and workload automation specifically tailored for ERP systems addresses a critical niche in enterprise software.
  • Redwood's subscription-based model ensures a steady revenue stream and allows for scalable, customizable solutions that meet diverse client needs.

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Growth & Insights
Headcount

6 month growth

17%

1 year growth

40%

2 year growth

83%

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