Microsoft, an American multinational expertise firm, confirmed their acquisition of Greek-owned Softomotive, in what’s the largest acquisition of a Greek tech firm thus far.
UK-based Softomotive was based in 2005 by Marios Stavropoulos and is at the moment thought of a pioneer in robotic course of automation (RPA): This is without doubt one of the technological sectors presently having fun with the best demand and which issues software program used for the automation of processes a pc consumer executes repeatedly.
Robotic course of automation (or RPA) is a type of enterprise course of automation expertise primarily based on metaphorical software program robots (bots) or on synthetic intelligence (AI)/digital employees.
By the expertise Softomotive has developed, companies are in a position to save time, lower prices, enhance work effectivity and relieve their employees of processes that may be carried out mechanically. The corporate’s software program is now getting used efficiently within the banking and insurance coverage sectors, in addition to by healthcare corporations.
Softomotive cooperates with greater than 9,000 worldwide purchasers. It opened its London places of work in 2015. It additionally has a presence in New York, India and South Korea. As Bloomberg has already reported, because of its rising course, Softomotive at the moment rivals many overseas startups and software program corporations, together with Automation and UiPath, which is about to be listed and was lately valued at $7 billion.
— to greekcitytimes.com