UiPath Named a Leader and Star Performer in Everest Group’s RPA Peak Matrix for Third Consecutive Year
For the third consecutive year, UiPath, the leading Robotic Process Automation (RPA) software company, has been named a “Leader” and “Star Performer” in Everest Group’s 2019 RPA – Technology Vendor Landscape with Products PEAK Matrix Assessment, an accomplishment unique only to UiPath.
For the third consecutive year, @UiPath is named a Leader and Star Performer in @EverestGroup’s #RPA PEAK Matrix
Leaders are measured based on market impact and the ability to deliver products successfully. Star Performers are selected based on the relative comparison of the vendor’s performance along both the market impact, and vision and capability dimensions between Everest Group’s previous and current PEAK Matrix™ Assessment. Vendors with the greatest year-over-year improvement are Star Performers.
Everest Group assessed UiPath’s capabilities as “high” for the categories of market adoption, value delivered to clients and product training and support. The report makes note that: “ease of use of the platform is one of UiPath’s key strengths, which resonates very well with its automation-first approach.”
UiPath holds the highest market share in most verticals including “high-tech and telecom,” “healthcare and pharma” and “CPG and retail.” The company also holds the highest market share by license revenue across horizontal functions, such as finance and accounting, procurement and HR. In terms of geography, UiPath has a stronghold in the Continental Europe and Asia Pacific markets.
UiPath has experienced explosive growth since its founding in 2005. Today, its RPA solution is used by 3,700 organizations worldwide, including eight of the top 10 Fortune 500. Customers include Uber, Pandora, Equifax, HP, McDonald’s, NASA and Virgin Media. UiPath currently employs 2,500 individuals around the globe, a 16x increase since April 2017. At a valuation of $7 billion, UiPath is leading the “automation first” era with a vision to provide one robot for every person, and is growing at an unprecedented rate for an enterprise software company.
“Being named a Leader and Star Performer by Everest Group is important validation for the value we’re delivering to our customers, and for our employees who are working hard to lead the automation first era,” said Guy Kirkwood, Chief Evangelist at UiPath. “We’re proud to push the industry forward and enable more organizations around the world to gain a competitive edge with automation and AI.”
Everest Group is a consulting and research firm focused on strategic IT, business services and sourcing. Everest Group’s PEAK Matrix assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations and products & solutions within various market segments.