All in all quite month of activity, but all of course, overshadowed by the UIPath IPO. It will be interesting to see how this impacts the enterprise automation market in the short and long term. Undoubtedly some of the money raised, possibly much of the money, will go toward multiple acquisitions.
The Audit firm Deloitte has been fined 15m pounds for its role in Autonomy’s sale to HP. The fine follows the conviction of Autonomy CFO Sushavan Hussain of fraud and the recent trial of ex Autonomy CEO Mike Lynch in London’s high court, followed by his arrest and extradition request to the US. What a mess.