North West tech giant Blue Prism makes £80m acquisition
Warrington firm Blue Prism has acquired London-headquartered Thoughtonomy.
Listed company Blue Prism is a global leader in Robotic Process Automation, a technology which automates menial tasks that were traditionally carried out by humans – effectively 'artificial intelligence workers'.
Its enterprise solutions are largely on-premise, meaning they must be deployed into a client’s systems at their physical location.
Thoughtonomy is a software-as-a-service (SaaS) based product and cloud services business that combines Blue Prism's RPA platform with artificial intelligence and cloud capabilities, as well as chatbots.
It has an R&D office in Manchester and additional bases in New York City and Austin, Texas.
Although Blue Prism already has some cloud-based clients, CEO Alastair Bathgate said the acquisition will give it access to more ‘mid-tier’ customers – companies with less than 10,000 employees – which require deployment of its products remotely via software.
“The product is available to customers without the overhead of setting up a dedicated infrastructure and as a result is ideal in serving the mid-tier of the market,” he said.
“We believe that the cloud will grow in importance across our enterprise customer base, and this acquisition will also help further our development of enterprise-based cloud products."
Blue Prism said it anticipates that cloud-based RPA deployments will in time also become increasingly required by enterprise users.
The company announced a 125 per cent increase in revenues for the last financial year.