Page 7 - bne_Tech_11_2019

Leaders
November 2019 www.intellinews.com I Page 7
However, there have recently been reports of heavy spending by UiPath. Romanian daily Ziarul Financiar quotes internal sources saying that the company is spending cash at a speed that
is "significantly higher than at any other RPA company”.
It recently announced the acquisitions of startups StepShot and ProcessGold, and the Las Vegas event cost an estimated $8mn. On top of that Romanian media have reported that UiPath has been splashing out on Aeron chairs made by famous American office equipment producer Herman Miller for its employees in Romania. UiPath has signed a contract with local company
Workspace Studio, a leading provider of office furniture in Romania, to supply the chairs. According to Workspace Studio, UiPath has acquired some 600-700 Aeron chairs so far and will continue buying them until all of the 1,000 employees who work in the Bucharest office have the chairs.
The chairs retail at €1,500, and while the price is likely lower for large volumes, they are still estimated to cost over €1,000 each, which would bring the total to over €1mn — a negligible expense compared to the company’s €7bn estimated value, but still a large amount for chairs.
COUNTRY REPORTS
Check out IntelliNews Pro’s Country Reports covering the 30 countries in Central & Eastern Europe/Commonwealth of Independent States.
A monthly round up of the most important economic, finance, business and political events, the reports are aimed at busy professional investors and companies that need to keep on top of the story.
To subscribe to the reports delivered by email get in touch with our sales staff for a trial.
T. +44 203 633 2008 E. sales@intellinews.com
Or go to bne.eu/welcome to see samples of this and other products.