UiPath Acquires ProcessGold to Deliver Unparalleled End-to-End Process Understanding Solution
Becomes the first vendor of scale to bring together both process mining and RPA capabilities
LAS VEGAS--(BUSINESS WIRE)-- #UIPATHFORWARD III--Today at FORWARD III, the first-ever global event for the Robotic Process Automation (RPA) community, UiPath, the leading RPA software company, announced the acquisition of ProcessGold, a leading process mining vendor based in the Netherlands. With this acquisition, UiPath becomes 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.
Building on this acquisition and the StepShot acquisition, UiPath has introduced the UiPath Explorer product family. Designed to simplify process understanding enterprise-wide, the UiPath Explorer family makes it easy it to identify, document, analyze and prioritize processes, with a unique ability to understand both front-line and back-end operations, through scientific and visual analysis.
“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, vice president of AI at UiPath.
ProcessGold offers the most flexible, powerful and enterprise-ready development and operations platform for professional process mining, used to build process intelligence applications for business process improvement. Customers and partners such as Deloitte, KPMG, EY, Porsche, KPN, Philips, The Salvation Army, Infineon, Webasto and Aegon have implemented the ProcessGold platform to continuously analyze and monitor processes to unlock value through insights from data. Its software visualizes how best-in-class process performance can be achieved faster and more effectively.
"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.
UiPath will work closely with its partners to build out process mining at scale with the goal of offering customers the ability to close the loop between Process Understanding and RPA. Today, customers and partners can see examples of seamlessly running process mining capabilities against UiPath Orchestrator/Robot logs, which is an example of what a fully integrated offering will provide in the future.
Wilco Lourens, Process Mining Project Lead, KPN
“ProcessGold has already proven to be a trustworthy partner, exceeding our expectations in complex process visualization. This unity with UiPath represents a strong bid on the process automation market and we believe it will bring an even higher amount of successful cooperative projects for KPN.”
Eunyoung Lim, RPA Team Leader, LG CNS
“As automation removes the repetitive and time-consuming tasks from the workplace, process mining has the capability to guide organizations in finding these tasks. Through these two organizations combining forces, we expect that many enterprises will readily simplify their RPA initialization phase by discovering the best automation opportunities.”
Thomas Mannmeusel, Executive Vice President Process Optimization & Group CIO, Webasto
“ProcessGold is our key diagnostic tool delivering fact-based insights about how we are operating our business. If process mining is our X-ray machine, RPA is an essential element of our treatment plan. For us, UiPath and ProcessGold are a bit like Batman and Robin and I am congratulating the two on moving forward together.”
UiPath is leading the “automation first” era – championing one robot for every person, delivering free and open training and collaboration and enabling robots to learn new skills through AI and machine learning. Led by a commitment to bring digital era skills to more than a million people, the company’s enterprise Robotic Process Automation (RPA) platform has already automated millions of repetitive, mind-numbing tasks for business and government organizations all over the world, improving productivity, customer experience and employee job satisfaction.
Recently named by Comparably as the 6th happiest place to work and the 11th best company culture among large businesses. UiPath is one of the fastest growing and highest-valued AI enterprise software companies worldwide.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191015005234/en/
Toni Iafrate for UiPath
Released October 15, 2019