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Blue Prism agrees to acquire Thoughtonomy

Blue Prism has announced its agreement to acquire Thoughtonomy for £80m, which is set to close by the end of July.

The acquisition will see Blue Prism’s connected RPA platform distributed and supported as a turnkey SaaS offering which hopes to accelerate the deployment of digital workers across market verticals and into mid-tier enterprises worldwide.

Thoughtonomy’s SaaS solution leverages Microsoft Azure to enable an on demand virtual workforce and intelligent automation platform.

Blue Prism, the pioneers of Robotic Process Automation (RPA), are emerging as the trusted and secure intelligent automation choice for the Fortune 500 and the public sector.

Alastair Bathgate, Co-Founder and CEO at Blue Prism, said: “The acquisition hopes to allow customers to accelerate automation projects more easily to drive improved productivity and customer experiences without the need to set up a dedicated infrastructure to support their programme.

“The acquisition of Thoughtonomy will support a broader strategy to strengthen our portfolio with cloud offerings that deliver value and enhance customer experience.

“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.”

Thoughtonomy’s intellectual property and embedded marketplace will also extend Blue Prism’s Digital Exchange DX capabilities, which is an intelligent automation marketplace comprising of customers, technology and channel partners.

Terry Walby, CEO and Founder of Thoughtonomy, added: “We’ve been working with Blue Prism since our foundation in 2013, and we’ve built out our unique SaaS and intelligent automation capabilities to leverage their best in class RPA software.

“Together as leaders we plan to broaden and simplify access to the most advanced digital workforce capabilities on the planet.”

This comes as Thoughtonomy has delivered year-on-year growth of over more than 250% over the past three years and has customers spread across four continents.