Microsoft buys Greek tech firm Softomotive

Microsoft confirmed on Tuesday Kathimerini's exclusive report about the US-based software giant's acquisition of Greek-owned Softomotive, in what is the biggest acquisition of a Greek tech company to date.

UK-based Softomotive was founded in 2005 by Marios Stavropoulos and is today considered a pioneer in robotic process automation (RPA): This is one of the technological sectors currently enjoying the greatest demand and which concerns software used for the automation of processes a computer user executes repeatedly.

Through the technology Softomotive has developed businesses are able to save time, cut costs, increase work efficiency and relieve their workers of processes that can be implemented mechanically. The company's software is now being used successfully in the banking and insurance sectors, as well as by healthcare companies.

Sources say the price...