A firm which specialises in robotics software has announced it is to raise £100m with a Stock Market placing.

Warrington based Blue Prism, which is listed on AIM, is a global leader in robotic process automation.

The firm said it raising the cash to accelerate the group’s global growth and further strengthen its balance sheet.

Investec Bank is acting as financial adviser, nominated adviser, sole broker and sole bookrunner in connection with the Placing.

The firm said the market continues to experience rapid global growth alongside increasing levels of customer adoption and sophistication.

Blue Prism said it is looking to capitalise on the market opportunity available by accelerating its investments in distribution, its product and platform whilst maintaining its thought leadership in the RPA market.

The company said it sees an expanding global opportunity for its software with revenue growth for the financial year ending 31 October 2018 of 96%.

Blue Prism currently has offices in nine countries to support this global demand.

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