UiPath, an enterprise automation software company, has acquired Cloud Elements, an API integration 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,” said Daniel Dines, UiPath co-founder and CEO. “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.”
“Automating the enterprise requires connecting the enterprise,” said Mark Geene, Cloud Elements co-founder and CEO. “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.”
“We have been investing in API integrations for some time, building out native integrations with commonly-used enterprise systems. As our customers do more with the UiPath Platform, the need to scale these integrations faster becomes a critical expectation,” said Ted Kummert, executive vice president, products & engineering at UiPath. “Combining our integration efforts with an established API integration platform company accelerates our initiatives in the API-based integration space and brings relevant expertise in house. This means UiPath customers now have ultimate flexibility to automate seamlessly using both UI automation and API automation capabilities.”
Cooley LLP acted as legal advisor to UiPath in connection with the transaction. GrowthPoint Technology Partners LLC acted as financial advisor to Cloud Elements and Bartlit Beck LLP acted as its legal advisor.