Posted on October 17, 2019 by staff

$7bn automation firm in ‘game-changing’ acquisition


Automation company UiPath has moved to acquire Dutch firm ProcessGold.

New York-based UiPath is a specialist in robotic process automation, a software solution programmed with a specific set of rules which is prized for its ability to handle large volumes of digital data very quickly.

The bots work by repeating a certain sequence of mouse clicks faster and more efficiently than a human could.

ProcessGold is a leading process mining vendor based in the Netherlands. UiPath claims it is now the first vendor of scale to offer a solution that brings together both process mining and RPA capabilities.

“This is a game-changer for UiPath that highlights our evolution as a company, as we look to further enable our customers in their automation journey by helping them better understand their processes, identify opportunities for automation, and then measure the impact of those automations,” said Daniel Dines, UiPath co-founder and CEO.

The recently-launched UiPath Explorer product aims makes it easy for enterprise clients to identify, document, analyse and prioritise processes.

“Together with the StepShot acquisition and our organic work in Process Understanding, we can now help our customers have a complete view of their processes, including everything from front-end granular user actions to back-end, higher-level transactional steps,” said PD Singh, VP of AI at UiPath.

ProcessGold’s customers and partners include Deloitte, KPMG, EY, Porsche, KPN, Philips, The Salvation Army, Infineon, Webasto and Aegon.

“By joining forces with UiPath, we’re transforming the way companies look at their process operations. Together, we create a powerful and integrated solution, increasing efficiency and perfecting automation projects around the globe,” said Christiaan Esmeijer, ProcessGold’s co-founder and co-CEO.