A North West specialist in robotic process automation (RPA), which has worked with the likes of JLR, Microsoft and Google, has raised £100m.

Blue Prism Group has conditionally placed 9,090,910 placing shares at 1,100 pence each.

The net proceeds will provide the company with additional balance sheet strength in case of prolonged disruption during the period of uncertainty relating to the Covid-19 pandemic.

It will also go towards supporting the group’s progress to cash flow break-even and allow it to capitalise on potential near-term and future market opportunities.

Blue Prism has already taken a number of pre-emptive cost saving actions, as well as exploring access to government support schemes available to it.

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