Romanian unicorn UiPath acquires Estonian StepShot

Part of the StepShot Team/ Photo:

Romanian unicorn UiPath, the leading RPA software company acquired StepShot, an Estonian company that offers innovative tool for RPA implementation, the UiPath announced in their press release. The acquisition was announced during FORWARD III, the first-ever global event for the Robotic Process Automation (RPA) community that was held in Las Vegas, U.S. while the sum of the acquisition remains undisclosed. 

With the product that StepShot is developing, UiPath will introduce the UiPath Explorer product family – a platform that will make it easy to identify, document, analyze and prioritize processes, with a unique ability to understand both front-line and back-end operations, through scientific and visual analysis.

PD Singh, Vice President of AI at UiPath/ Photo: UiPath website

“Together with the StepShot acquisition and our organic work in Process Understanding, we can now help our customers have a complete view of their processes, including everything from front-end granular user actions to back-end, higher level transactional steps, ” says PD Singh, Vice President of AI at UiPath. 

According to StepShot team, this exciting cooperation will help the two companies to develop an industry leading solution for Process Discovery. 

“The new product, UiPath Explorer Expert, will be the next generation of the existing StepShot tool and will join the UiPath Explorer product family. It will help you quickly document processes for RPA as well as build workflow diagrams and automation prototypes. As a StepShot customer or lifetime user, you’ll get access to the Community Edition and we’ll initiate the transition period later this month,” wrote StepShot team on their official Facebook page announcing the acquisition.

StepShot team announcing the acquistion on their Facebook page

Sasha Reminnyi, CEO and Co-Founder of StepShot, for news site Medium said that he is extremely proud for the exit made to UiPath.

“I am extremely proud of what we have built at StepShot and bringing those capabilities together with UiPath’s best in class RPA capabilities will materially benefit enterprises globally by helping them more easily achieve their automation goals and improve time to ROI,” commented Reminnyi for Medium.

Founded in 2016 in Lviv, Estonia, by Sasha and Olga Reminnyi and two brothers — Borys and Denis Korobeinikov, StepShot is a powerful and simple tool that helps their users quickly create documentation, share knowledge within a team, and become more productive. While searching for new ways to provide their customers with more value and increase productivity to a whole new level they met UiPath, a global leader in Robotic Process Automation (RPA) that helps customers automate repetitive tasks with software robots. As a result of that collaboration, the team has discovered that StepShot is the perfect solution for preparing documentation for robot development. 

The platform StepShot is used by system administrators, IT support experts, software training specialists, and software engineers. According to CrunchBase, SetpShot customers are world-leading companies such as Pepsi, Microsoft, Deloitte, HERSHEY’S, UCL, and AUTODESK.

UiPath on the other hand, is one of the fastest growing and highest-valued AI enterprise software companies worldwide. UiPath is leading the “automation first” era – championing one robot for every person, delivering free and open training and collaboration and enabling robots to learn new skills through AI and machine learning. Led by a commitment to bring digital era skills to more than a million people, the company’s enterprise Robotic Process Automation (RPA) platform has already automated millions of repetitive, mind-numbing tasks for business and government organizations all over the world, improving productivity, customer experience, and employee job satisfaction. 

According to the company’s press release, UiPath has recently been named by Comparably the 6th happiest place to work and recognized for having the 11th best company culture among large businesses.