March 24 (SeeNews) - UiPath, a robotic process automation (RPA) startup founded in Romania, said that it has acquired U.S.-based applcation programming interface (API) integration platform Cloud Elements.
The acquisition accelerates UiPath’s capabilities to offer comprehensive API-based automation to its customers, the buyer said in a press release on Tuesday evening. The value of the deal was not disclosed.
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Thus, UiPath will be the first to offer enterprise-grade user interface and API-based automation capabilities in a single platform.
"By making automation both easier and faster to deploy, the UiPath Platform has the capability of significantly improving some of the most costly and time-consuming activities of the modern enterprise," UiPath co-founder and CEO Daniel Dines said. "The acquisition of Cloud Elements is just one example of how we are building a flexible and scalable enterprise-ready platform that helps customers become fully automated enterprises," Dines added.
Cloud Elements has a wide customer base, including leading companies like SAP, Capital One, DocuSign, iCIMS, FIS, Axway, PaySimple, TeamPay, Dun & Bradstreet, and Xerox.
"Combining our API integration and management capabilities with UiPath’s powerful offering strengthens the glue of enterprise connectivity and expands the reach and efficiency of automation projects for enterprises across the globe," Cloud Elements co-founder and CEO Mark Geene said.
Headquartered in Colorado, Denver, Cloud Elements is a cloud API integration platform that enables developers to publish, integrate, aggregate and manage all of their APIs through a unified platform, according to its website.
UiPath was established in 2005 in Romania under the name of DeskOver by entrepreneurs Daniel Dines and Marius Tirca and was rebranded ten years later as UiPath. The company is now based in the U.S., and has over 50 offices in North America, Europe and Asia.
In February, UiPath closed its series F funding round, raising $750 million (631 million euro) and reached a record market valuation of $35 billion.
($= 0.8414 euro)