UiPath, founded by Romanian entrepreneurs Daniel Dines and Marius Tîrca and listed on the New York Stock Exchange in 2021, has announced the acquisition of WorkFusion, a provider of AI-driven compliance solutions focused on financial crime.
Strengthening compliance and financial crime prevention capabilities
The deal strengthens UiPath’s industrial AI portfolio for the financial services and banking sector, particularly in anti-money laundering processes. New York-based WorkFusion is regarded as a pioneer in applying AI to detect and manage financial crime risks, with its solutions used by major global banks and financial institutions.
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The integration will enable UiPath to deliver more advanced and automated compliance and risk management workflows.
The acquisition comes as UiPath reports strong financial results. In its third fiscal quarter ended October 30, the company posted revenue of $411 million, up 16% year-on-year, and returned to profitability. Net income reached $198.8 million (37 cents per share), compared with a $10.7 million loss a year earlier. Adjusted earnings per share were 16 cents, above Wall Street estimates of 15 cents on expected revenue of $393 million, according to FactSet.
“Companies are accelerating their AI and automation strategies and are looking for a unified platform rather than standalone tools,” said Daniel Dines, CEO of UiPath.
For the fourth quarter of fiscal 2026, UiPath forecasts revenue between $462 million and $467 million and operating profit of around $140 million.
Recently, UiPath announced AI partnerships with Nvidia, OpenAI, Google and Snowflake, launched its own conversational robot and signed a €16 million contract with the Autoritatea pentru Digitalizarea României.
Photo: Romania Insider
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