PR84639

MELBOURNE, Australia, July 7, 2020 /PRNewswire=KYODO JBN/--

Apromore, the leading developer of open-source process mining technology, today

announced it has raised AU$6.84 million (EUR 4 million) in a Series A round led

by German business process management specialist GBTEC. The Series A round also

involved investment from Melbourne-based consulting and technology firm

Leonardo and The University of Melbourne, which helped to incubate Apromore

prior to spin off.

Photo - https://photos.prnasia.com/prnh/20200702/2847280-1

From left: Prof Marcello La Rosa - CEO and Co-Founder,  Prof Marlon Dumas -

Partnerships and Co Founder, Dr Simon Raboczi  - Chief Architect and Co-Founder

and Dr Ilya Verenich – Chief Data Scientist and Co-Founder.

The Series A investment will allow Apromore to strengthen its product

development capacity and to expand into the realm of AI-driven automated

process improvement, including robotic process mining, prescriptive process

analytics, and automated decision optimisation. According to Gartner's 2019

Market Guide for Process Mining: "[Apromore] focuses significantly more than

its competitors on intelligent support for model enhancement, and on predictive

analytics."[1] It is anticipated the investment will allow Apromore to build on

its success to date and further solidify its market position.

Apromore's CEO, Prof. Marcello La Rosa, highlighted that "Apromore inherits a

decade of R&D in the field of business process management and process mining,

and we have packed the most advanced algorithms for process mining into

Apromore's products. This investment will allow us to maintain our competitive

advantage, by incorporating the latest research and innovations in the field of

AI-driven automated process improvement into our product. It will also allow us

to continue pursuing our mission of democratising process mining via a

commercial open-source business model."

The investment is coupled with a strategic partnership with GBTEC. The

partnership will see GBTEC offering Apromore's process mining technology as a

core component of its BIC Platform for business process modeling and automation.

Commenting on the investment and the strategic partnership, GBTEC's CEO, Gregor

Greinke, said: "The integration of Apromore into the BIC Platform will provide

a one-stop shop for companies seeking to accelerate their digital

transformation journey with full-lifecycle process optimisation. The analytics

capabilities that Apromore brings into the BIC Platform are truly exceptional

when it comes to identifying underperforming processes, rework loops, waste,

and bottlenecks.  By joining forces, we are certain to establish one of the

best analytics and AI-driven process optimisation tools on the market."

Leonardo's Managing Director Adam Mutton also commented on Apromore's

potential: "Apromore is leading the way in innovative AI-driven process

improvement – from automated discovery of actual as-is processes, to predictive

process modelling based on live data to future directions involving integrated

robotic process discovery, scripting and automation. Clients are excited by the

ability to dramatically reduce discovery and analysis time, rapidly analyse

large data sets and drill to specific issues and root-cause analysis to

determine the highest priority improvements.

Prof. Mark Cassidy, Dean of Melbourne School of Engineering,  also added, "This

is a clear demonstration of the strong commitment of the University of

Melbourne's School of Engineering to turn world-class research into commercial

innovation." Prof. Uwe Aickelin, Head of the School of Computing and

Information Systems, added: "This successful spinoff is testimony to the

quality and relevance of the research conducted in our school, and accentuates

our position as a world-class hub for computing research".

Apromore is the result of over a decade of extensive research and innovation at

The University of Melbourne, University of Tartu (Estonia), and other research

institutions across the globe.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its

research publications, and does not advise technology users to select only

those vendors with the highest ratings or other designation. Gartner research

publications consist of the opinions of Gartner's research organization and

should not be construed as statements of fact. Gartner disclaims all

warranties, expressed or implied, with respect to this research, including any

warranties of merchantability or fitness for a particular purpose.

About Apromore Pty Ltd(https://apromore.org/about/)

About GBTEC Software + Consulting AG(https://www.gbtec.com/company/)

About Leonardo(https://www.leonardo.com.au/about)

About The University of Melbourne(https://about.unimelb.edu.au/)

Contact:

Marcello La Rosa

Tel.:   +61-3-8344-9887

E-Mail: info@apromore.com

[1]

https://www.gartner.com/en/documents/3939836/market-guide-for-process-mining

SOURCE: Apromore

Image Attachments Links:

   Link: http://asianetnews.net/view-attachment?attach-id=366694

   Caption: From left: Prof Marcello La Rosa - CEO and Co-Founder, Prof Marlon Dumas - Partnerships and Co Founder, Dr Simon Raboczi - Chief Architect and Co-Founder and Dr Ilya Verenich – Chief Data Scientist and Co-Founder.