UiPath acquires Cloud Elements to advance its API capabilities

UiPath, a New York-based enterprise automation software company, has recently acquired Cloud Elements, an API integration platform. The financial terms of the transaction were not disclosed.

UiPath is founded by Daniel Dines. It provides an end-to-end platform for automation, combining a Robotic Process Automation solution with a full suite of capabilities to enable each and every organization to rapidly scale digital business transformation operations.

Cloud Elements is founded by Mark Geene. It brings more than 100 new native integrations to the UiPath software, and enables new capabilities such as the ability to trigger an automation based on the occurrence of an event.

Daniel Dines, UiPath Co-Founder and CEO, said, "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. 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."

Ted Kummert, Executive Vice President, Products & Engineering at UiPath, said, "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. 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."

With this new acquisition deal, UiPath gets edge in the automation market segment.  The acquisition helps UiPath become the first provider to offer enterprise-grade user interface (UI) and API-based automation capabilities in a single platform, notes the announcement.