Warrington’s Blue Prism Group, a global leader in Robotic Process Automation, has agreed an £80m deal to buy London-based cloud services company Thoughtonomy.
The acquisition of the company, which has a research and development office in Manchester, will help Blue Prism supply mid-tier companies with its robotic process automation platform. The platform does many of the menial tasks traditionally carried out by humans.
The deal was announced alongside Blue Prism’s financial results for the six months to the end of April, which saw revenue rise 82% to £41.6m. The adjusted core loss rose to £34m, driven by an expansion in its sales and marketing capability.
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.