Microsoft is looking for another way to boost worker productivity, according to Bloomberg, which is in talks to buy British start-up Softomotive Ltd. Softomotive’s penalty-kicking tools automate repetitive, time-consuming tasks, often generated by separate legacy systems that are important to the business but are expensive and difficult to replace, such as entering data into spreadsheets.
Softomotive claims that more than 8,000 companies, including the healthcare, banking, insurance and telecommunications industries, are using its RoboticProcess Automation (RPA) solutions. Founded in 2005, Softomotive is already Microsoft’s gold partner.
The value of the deal is unclear, but rivals such as UiPath have been valued at $7bn.
The deal has not yet been finalized and may not be completed, but if it succeeds, it will obviously provide Microsoft with another tool to its Microsoft 365 customers, further enhancing the value of this well-known productivity tool.