Microsoft acquires Greek tech giant Softomotive

·

During his Build keynote, Microsoft CEO Satya Nadella today announced that the company has acquired Greek tech company Softomotive, a software robotic automation platform.

Nadella noted that Softomotive would become part of Microsoft’s Power Automate platform. “We’re bringing RPA — or robotic process automation to legacy apps and services with our acquisition of Softomotive,” Nadella said.

Softomotive currently serve roughly 9,000 customers around the world, making Microsofts acquisition the biggest acquisition of a Greek tech company to date.

Softomotive was founded in 2005 by Marios Stavropoulos and is today considered a pioneer in robotic process automation (RPA).

Microsoft CEO Satya Nadella today announced that the company has acquired Greek tech company Softomotive. Photo: Google

“One of our most distinguishing characteristics, and an indelible part of our DNA, is an unswerving commitment to usability,” writes Softomotive CEO and co-founder Marios Stavropoulos.

“We have always believed in the notion of citizen developers and, since less than two percent of the world population can write code, we believe the greatest potential for both process improvement and overall innovation comes from business end users.”

While the two companies did not disclose the financial details of the transaction, sources say the price Microsoft is paying to buy out the Greek-owned firm is more than 100 million euros.

In Power Automate, Microsoft will use Softomotive’s tools to enable a number of new capabilities, including Softomotives low-code desktop automation solution WinAutomation. Until now, Power Automate did not feature any desktop automation tools.

It’ll also build Softomotive’s connectors for applications from SAP, as well as legacy terminal screens and Java, into its desktop automation experience and enable parallel execution and multitasking for UI automation.

“We are extremely excited to pursue this vision as part of Microsoft,” Marios Stavropoulos adds.

greek film festival sydney new

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

GOCNSW holds fruitful first meeting with new Consul General George Skemperis

The Greek Orthodox Community of NSW hosted the new Consul General of Greece in Sydney, Georgios Skemperis, in a productive meeting.

Silent heroes and bright futures: Supporting Greek language education in Victoria

Over the past month or so a few articles have appeared discussing the current and future state of the Greek language in Victoria.

Archbishop Makarios pays tribute to Elder Vasilios Gontikakis, influential Athonite theologian

Elder Vasilios Gontikakis, former Prior of the Iviron Monastery (1990–2005) and the Stavronikita Monastery (1968–1990) on Mount Athos, died.

Greek basketball stars bring Panathinaikos spirit to Melbourne’s Stalactites

Melbourne’s iconic Greek restaurant Stalactites hosted Panathinaikos stars Nikos Rogkavopoulos and Jerian Grant on Wednesday, September 17.

Australian Championship secures landmark multi-platform broadcast deal with SBS

Football Australia and SBS today announced a landmark multi-year, multi-platform agreement to broadcast the Australian Championship.

You May Also Like

Mikakos: I was not part of decision to use private security in hotel quarantine

Victoria's Health Minister, Jenny Mikakos, has denied she was part of the decision to use private security in the hotel quarantine program.

Hellenic Medical Society of Australia award inaugural medical student scholarship

Hellenic Medical Association of Australia members, guests and sponsors gathered for the End of Year Rooftop Celebration held in Cremorne.

Greek Community of Melbourne’s history on show in Athens

On Thursday, the Themelio bookstore in downtown Athens hosted the launch of Georgia (Juliana) Charpantidou's new book.