RPA business Blue Prism buys Thoughtonomy

Robotic Process Automation (RPA) firm Blue Prism has acquired Thoughtonomy in a deal valued at around £80mn.

The deal will allow Blue Prism’s connected RPA platform to be distributed and supported as a turnkey software-as-a-service (SaaS) offering.

Blue Prism says the deal will allow customers to accelerate automation projects more easily, without needing to set up the right infrastructure to support the programme.

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"The acquisition of Thoughtonomy will support a broader strategy to strengthen our portfolio with cloud offerings that deliver value and enhance customer experience," said Alastair Bathgate, Co-founder and CEO, Blue Prism.

"Thoughtonomy brings valuable knowledge and experience in the development and implementation of cloud-based intelligent digital workers, with a successful track record delivering its solutions to mid-tier enterprises in a number of industry verticals complementary to the areas of the market Blue Prism has served."

Over the past three years, Thoughtonomy has delivered year-on-year growth of over more than 250%. It was also ranked 11th in the Deloitte 2018 UK Technology Fast 50.

"Demand for RPA keeps growing with companies of all sizes wanting to automate their processes. With Thoughtonomy's acquisition, Blue Prism will gain an established capability and presence in RPA-as-a-Service, to reach new segments of the market", says Sarah Burnett, Executive Vice President and Distinguished Analyst at Everest Group.

"While Blue Prism RPA is at the core of Thoughtonomy's offering, the acquisition brings other capabilities including different types of embedded intelligence and Wireframer, a coding quality tool. Thoughtonomy will also bring new clients to Blue Prism, boosting its presence in some verticals e.g. healthcare."