Author: Jane Edwards|| Date Published: April 22, 2021
UiPath (NYSE: PATH) raised $1.34 billion in its initial public offering Wednesday after the New York-based automation software company and its shareholders sold approximately 23.9 million shares at a price of $56 apiece, CNBC reported.
UiPath’s shares rose 23 percent to close at $69 apiece, giving the company a market valuation of $35.8 billion.
Daniel Dines, a former engineer at Microsoft (Nasdaq: MSFT), founded UiPath in 2005. He currently serves as CEO of UiPath, which operates with more than 2,800 employees, and holds 88 percent of the voting shares.
The software company posted $607.6 million in 2020 revenue, up 81 percent from the previous year, with a gross margin of 89 percent, according to the report.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
