Automic Software, a leader in business automation just closed its best year to date. Having doubled its revenues and tripled its EBITDA since 2012, its stellar growth proves the success of Zobito’s agile growth strategy and commitment to helping its portfolio companies translate good ideas into operational excellence.
The Austrian company, formally known as UC4 and renamed to Automic, worked with the Zobito team from Feb 2015 to June 2016. As co-investors with EQT Partners, Zobito actively supported the company on its development journey, driving expansion into the rapidly growing cloud and release automation market as well as establishing Automic as a market leader in IT and business process automation.
Since the beginning, Zobito applied its unique twist of advisory support, value creation and risk sharing which included helping define strategic directions, developing solid growth plan focused on value creation and investing in the company’s corporate culture and people. Zobito provided Automic with workshops, coaching and mentoring based on best practices and industry insights.
Non-stop expansion
In 2014, Automic acquired Orsyp, a French automation company. Plans have also been made to open an innovation hub in Austin, Texas and the company is currently focused on devel
oping the next generation of products. Automic has also expanded its core team with a number of executive staff including its new CEO Todd DeLaughter, thereby positioning itself for the next stages of growth.
“Zobito is extremely proud to have contributed to the Automic success story”, reports co-founder Måns Hultman. “Working closely together with the management team and developing an agile strategy according to clearly defined KPIs has once again proved to be a recipe for success”.
The financial figures for FY April 2016 speak volumes – a record Q4 and financial year was announced mid June. All product lines expanded and all regions experienced accelerated growth, particularly the Americas and APAC, leading with more than 100% and 50% license growth respectively.
Atomic’s tremendous growth spurt is seeing no end in sight. Both their performance, their products and their people are well positioned to capture future market share. According to Mans Hultmann, the Zobito team will continue as a member of the advisory board and as partners to the management team, new and old, in order to ensure continued operational effectivity, a solid business strategy and continued investment in innovation and sales.