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Weekly Industry Run-Down

June 4, 2021 – June 11, 2021

Intelligent Automation News:

UiPath announces integration with Smartsheet, a #nocode platform that enables users to retrieve, update and share data in Smartsheet with automation.

UiPath reports Q1 Fiscal 2022 Financial Results. Some highlights:
– ARR of $652.6 million increased 64% YOY
– Revenue of $186.2 million increased 65% YOY
– GAAP gross margin was 74%

Pegasystems announces an expansion of the company’s share repurchase program. Under this expansion, the expiration date of the Company’s current stock repurchase program will be extended from June 30, 2021, to June 30, 2022.

AutomationEdge, an RPA vendor launches RPA as a Service(RPAaaS) on Amazon AWS Cloud.

Resolve Systems, a provider of IT automation and service orchestration announces the acquisition of Ayehu, a no-code intelligent IT automation platform

Nintex emerges as a leader in Aragon Research‘s Globe for Digital Business Platforms 2021 report

EPSoft Technologies, a BPM and intelligent automation provider announce an advisory board’s formation to further support the growth of its customer base and technology partners.

UiPath named a Leader and Star Performer in Everest Group’s Process Mining PEAK Matrix®. This is the 2nd year in a row that they have been named a leader

Intellyx recognises Ephesoft, Inc., an intelligent document processing provider as a 2021 Digital Innovator. Other “2021 Digital Innovators” include Robocorp, Mendix, OutSystems, ABBYY and ServiceNow and more

Pegasystems announces the company had been chosen by Royal Air Force (RAF) and the Royal Navy (RN) to deliver a new, joint low-code platform for candidate recruitment. For context,

RN & RAF receive around 60,000 application forms yearly and they recruit up to 8,500 service personnel. This new implementation will reduce the recruitment process by a fraction (up to 30 days)

Microsoft announces the general availability of Azure Logic Apps Standard, the latest instalment of their Integration Platform as a Service(#iPaas). According to Microsoft, Logic Apps Standard is a single-tenant offering that enables customers to run workflows from anywhere

SAP unveiled its process mining solution, SAP® Process Insights at its SAPPHIRE NOW conference last week. The process mining solution is a revamped solution from the Signavio acquisition.

– According to the company, SAP Process Insights can be integrated with your SAP ERP application or SAP S/4HANA® software system to highlight weaknesses and improvement opportunities. The general availability was announced for late Q3/2021.

RoboMQ has been recognised as a top Integration Platform Service Providers in Forrester’s “Now Tech: Integration Platforms, Q2 2021” report.

Microsoft announces the general availability of Process Advisor, a process mining capability in #PowerAutomate. The public preview of Process Advisor was launched in December 2020.

Nintex, a provider of process management and automation acquires an eSignature platform, AssureSign. AssureSign is Nintex 4th acquisition since Thoma Bravo became the company’s majority investor in early 2018. Thoma Bravo has some other interesting portfolios including Kofax, Hyland🤭

According to IDC’s software tracker for Cloud RPA Vendor Share 2020, Automation Anywhere constitutes 54%, Blue Prism 9% and UiPath 8%.

Cognigy, a conversational AI startup closes a $44 million Series B funding round led by Insight Partners. This brings the total funding to over $50 million to date.

Tolani Jaiye-Tikolo
IRPA AI Contributor and Automation News Curator

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