The Marketing Minute: Staying Positive When the Market Isn’t
Marcy’s Musings: Continuing to Invent the Future With SEL
It’s Only Common Sense: Why Failure Is an Opportunity for Growth
ElectroNeek, a Robotic Process Automation Company, Posts Significant Revenue Growth in 2020
January 8, 2021 | PRNewswireEstimated reading time: 2 minutes
ElectroNeek™ reported its 2020 business results posting a 400% increase in its annual software license revenue compared to 2019. The growth has been powered by an increased demand for business process automation and digital transformation by American mid-market companies and by increasing ElectroNeek's presence outside of the United States, including into areas such as India and the LATAM region. Earlier in 2020, the company was named RPA Momentum market leader by G2, along with UiPath and Automation Anywhere, and had become the youngest company in the Everest Group's RPA PEAK Matrix. To fuel further global growth, the company plans to attract a new round of venture funding in 2021.
In his reflection on the results of 2020, ElectroNeek's CEO Sergey Yudovskiy addressed his team, users, clients, and investors:
"Our accelerating global growth is a product of ElectroNeek's diverse team, working in almost all of the time zones around the globe, making Robotic Process Automation accessible to mid-market and smaller companies no matter where they are. A big Thank You to everyone who worked with us this year as well as to those who have just embarked on their automation journey with ElectroNeek - your talent and dedication is what fuels better customer and user experience.
In 2020, we brought in clients from 12 new countries, significantly increasing the number of languages that our customers and team members speak. Thanks to everyone who joined ElectroNeek's family of clients and partners, we are grateful for the opportunity to build the future of work together.
In 2021, we will see a greater focus on regional market leadership in several automation hubs in addition to North America, including localization and multilanguage features of our products, support services, and partner relations. We are making these investments to lower the barrier for automation business in India, Latin America, and other countries where we already have success stories and regional teams. Our international growth in 2021 also means that we will create a dedicated European office to work with EU and UK&I clients, as well as establishing a presence in the Middle East.
In the US, we will continue to build relationships that make business automation a better experience for companies of all sizes, partnering with such industry leaders as Sage and expanding product integrations with Zapier."
To fuel further growth and product innovation, ElectroNeek's Robotics is considering attracting additional venture capital on top of its $3.2M of earlier VC funding. The goal is to start exploring such opportunities in the first half of 2021.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
India’s PC Market Grows 5.7% YoY in 1H25, Shipping 6.8 Million Units
08/22/2025 | IDCIndia’s traditional PC market (desktops, notebooks, and workstations) grew 3.0% year-over-year (YoY) in 2Q25 with 3.5 million units shipments, according to data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. This marks the eighth consecutive quarter of growth.
Ta Yang Group Holdings Limited Announcing AI Transformation Blueprint
08/21/2025 | ACN NewswireTa Yang Group Holdings Limited, a well-established Hong Kong-listed company with nearly two decades of market presence, plans to further advance comprehensively into the Web 4.0 field and artificial intelligence (AI) industry.
Standardized Hinges and Apple’s Entry Expected to Push Foldable Phone Penetration Beyond 3% by 2027
08/19/2025 | TrendForceTrendForce’s latest investigations reveal that the anticipated launch of Apple’s first foldable device in the second half of 2026 is expected to lift foldable phone penetration from 1.6% in 2025 to over 3% in 2027.
The Marketing Minute: Staying Positive When the Market Isn’t
08/20/2025 | Brittany Martin -- Column: The Marketing MinuteIn today’s volatile electronics market, buffeted by tariffs, supply-chain shifts, and squeezed margins, it’s tempting to tighten belts and cut your marketing budget. But history shows us that the quietest brands get forgotten fastest. Staying visible is not a luxury; it’s a competitive advantage.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
08/15/2025 | Marcy LaRont, I-Connect007In our industry, my top reads include Prashant Patel’s overview and argument for reshoring, which I found to be a great general overview and breakdown. In further support of the onshoring/reshoring message, I’m highlighting Nolan Johnson’s interview on the survey and report by the Reshoring Initiative. Check out my interview with USPAE’s Jim Will on the state of the flat panel display (FPD) industry and the risks associated with it for U.S. defense and critical infrastructure products.