After recent speculation that the RPA market is over-heating, it’s been confirmed that UiPath is to cut 400 jobs, or around 1 in 8 of its workforce of 3,000. This is a reality check for the RPA market, which has been on a seemingly stratospheric growth curve.
Robotic Process Automation (RPA) pioneer Blue Prism has made a bold move to respond to the increasing competition from its highly funded, privately held rivals with its first acquisition, of RPA-as-a-Service partner Thoughtonomy. Subject to certain conditions, the deal is expected to close by the end of July 2019.
On April 30, Robotic Process Automation (RPA) specialist UiPath announced that it had secured a fifth round of venture funding. This round alone is worth $568 million and values the company at over $7 billion, and it brings UiPath’s total funding to over $1 billion. In response to this news, my colleague Philip Carnelley tweeted: […]
Sabitha Majukumar Senior Research Analyst, Worldwide Insurance Strategies Read full bio @SabithaMKumar Philip Carnelley Research Director, European Software Group Read full bio @Pcarnelley Arun Dani Senior Research Analyst, IT Services Read full bio Insurance industry is currently on a digital mission to offer contextual and value-centric products and offerings to its customers driven by the change in […]