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About Redwood
Industries
Consulting
Enterprise Software
Company Size
501-1,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$337.1M
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 tools, and 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.
Simplify's Take
What believers are saying
- Redwood is a leader in the 2024 Gartner Magic Quadrant for Service Orchestration.
- The acquisition by Vista Equity Partners may provide additional resources and market reach.
- Partnerships with major ERP providers like SAP enhance Redwood's market position.
What critics are saying
- Increased competition from emerging startups could erode Redwood's market share.
- The acquisition may lead to strategic shifts disrupting Redwood's business model.
- Potential integration challenges with SAP's expanding services could strain Redwood's resources.
What makes Redwood unique
- Redwood offers comprehensive automation solutions for finance, workload, and report distribution.
- The company provides cloud-based solutions, enabling seamless migration from legacy systems.
- Redwood's subscription model ensures scalable, customizable options for diverse enterprise needs.
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Funding
Total Funding
$337.1M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Remote Work Options
Professional Development Budget
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 0%2 year growth
↑ 1%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
Redwood is backed by Turn/River Capital.
Vista Equity Partners and Warburg Pincus have agreed to acquire Redwood Software, a Frisco, Texas-based provider of automation fabric solutions.
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About Redwood
Industries
Consulting
Enterprise Software
Company Size
501-1,000
Company Stage
Growth Equity (Venture Capital)
Total Funding
$337.1M
Headquarters
Frisco, Texas
Founded
1993
Redwood is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today