Blue Prism has revealed it will acquire Thoughtonomy, in a deal expected to close in July.
The acquisition will see Blue Prism’s connected-RPA platform distributed and supported as a turnkey SaaS offering, helping 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 an intelligent automation platform. The parties argue the conflated entity will help customers to accelerate automation projects more easily without needing to set up a dedicated infrastructure to support their program.
They claim it gives enterprises a way to access and leverage fully integrated AI technologies such as computer vision, natural language processing (NLP) and machine learning to address a complete range of use cases from back office to front office.
“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.
He said the acquisition brings valuable knowledge and experience in the development and implementation of cloud-based intelligent digital workers, alluded to the companies share complementary vertical markets.
Thoughtonomy’s intellectual property and embedded Marketplace will also extend Blue Prism’s Digital Exchange DX capabilities. This is an intelligent automation marketplace comprising of customers, technology and channel partners.
“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,” said Terry Walby, CEO and Founder of Thoughtonomy.
“Together as leaders we plan to broaden and simplify access to the most advanced digital workforce capabilities on the planet.”
This combination of capabilities will provide enterprises with even greater flexibility for their automation projects offering them the ability to choose between SaaS or dedicated infrastructure, according to a statement announcing the deal.
Together both companies say they will continue to build out the strongest partner network in the industry aimed at driving up customer adoption in key market verticals including financial services, telecom, insurance, retail, healthcare and pharmaceuticals, professional services, energy, utilities, public sector and outsourcing providers.
This also includes commitments to support partner enablement, sales, pre-sales and implementation on a global scale.
Thoughtonomy has grown more than 250 per cent each year over the past three years and has customers spread across four continents. In 2018, the company was ranked fourth in the Sunday Times Tech Track 100 and 11th in the Deloitte 2018 UK Technology Fast 50, cementing its position as one of the fastest growing UK-headquartered technology companies and one of the brightest stars in global AI.