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UiPath Completes SOC 2® Type 2 Examination for UiPath Automation Cloud

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UiPath (NYSE: PATH) has successfully completed the SOC 2 Type 2 examination for its Automation Cloud, confirming its commitment to security, availability, and confidentiality. This attestation enhances trust among clients in regulated industries and allows organizations to scale their automation initiatives quickly and securely. According to Amy Chandler from Security Benefit, this independent assurance is crucial for vendor risk management. Ted Kummert from UiPath emphasized the importance of ongoing trust and commitment to security in serving their customers.

Positive
  • Completion of SOC 2 Type 2 attestation enhances trust among clients, particularly in regulated industries.
  • Enables organizations to quickly deploy and scale automation solutions without high upfront costs.
Negative
  • None.

UiPath (NYSE: PATH), a leading enterprise automation software company, today announced that it has successfully completed SOC 2 Type 2 System and Organization Controls (SOC 2) examination for UiPath Automation Cloud in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA).

This attestation, among the Company’s extensive list of security capabilities, provides assurance to UiPath global customers in highly-regulated industries who trust UiPath with their most sensitive data. To help organizations around the world use automation to become faster and more agile in the face of increased demand and rapidly changing environments, the UiPath Automation Cloud enables customers to start their enterprise automation deployments instantly and scale up over time without compromising security or requiring high upfront costs.

“Security Benefit is excited to see that UiPath has completed a SOC 2 Type 2 attestation, which provides independent assurance around controls relevant to security, availability, and confidentiality that you depend on when using a cloud service provider like UiPath,” said Amy Chandler, Second Vice President, RPA COE, Six Sigma Black Belt. “Independent assurance like SOC 2 Type 2 attestation is a key factor in our compliance program from the standpoint of vendor risk management, due diligence, and oversight from a control perspective with our auditors.”

“At UiPath, nothing is more important to us than earning the trust of our customers and ensuring security and confidentiality of their data,” said Ted Kummert, UiPath Executive Vice President of Products and Engineering. “Establishing trust with our customers is a continuous commitment, and SOC 2 Type 2 attestation is a key milestone our customers can rely on. We continue to invest in all aspects of building trust in our services, and look forward to sharing further milestones as that journey continues.”

For more details about UiPath trust and security initiatives, please visit the Trust and Security Center on UiPath.com.

About UiPath

UiPath has a vision to deliver the Fully Automated Enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.

FAQ

What is the significance of the SOC 2 Type 2 attestation for UiPath (PATH)?

The SOC 2 Type 2 attestation signifies that UiPath's Automation Cloud meets rigorous standards for security, availability, and confidentiality, enhancing trust with clients.

How does the SOC 2 Type 2 examination impact UiPath's clients?

It provides independent assurance of UiPath's controls, which is critical for clients in highly regulated industries, aiding in their compliance and vendor risk management.

What advantages does UiPath's Automation Cloud offer after the SOC 2 Type 2 completion?

The Automation Cloud allows clients to deploy enterprise automation quickly while ensuring security and avoiding high initial costs.

Who commented on the importance of the SOC 2 Type 2 attestation for UiPath?

Amy Chandler from Security Benefit highlighted its importance for vendor risk management and compliance assurance.

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