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Blue Prism acquires Thoughtonomy, develops new SaaS offering
Fri, 19th Jul 2019
FYI, this story is more than a year old

Blue Prism has closed its acquisition of Thoughtonomy. The company says the acquisition will enable it to build on its intelligent automation and cloud delivery capabilities.

Thoughtonomy will operate as a business unit led by its founder and CEO Terry Walby.

Following the close of the acquisition, both companies will work to enable an on-demand Digital Workforce by combining Blue Prism's connected-RPA platform and Thoughtonomy's Software-as-a-Service (SaaS) capabilities.

The Saas offering will extend Blue Prism's market coverage to mid-tier enterprises looking to develop their automation strategy from the cloud, the company says.

According to Blue Prism, the integration gives enterprises a way to access and leverage fully integrated AI technologies such as computer vision, Natural Language Processing (NLP) and machine learning to automate mission critical procedures from back office to front office.

As such, this helps with automation projects and can drive improved productivity and customer experiences, without the need for a dedicated infrastructure to support their programme.

According to Blue Prism, Thoughtonomy further supports the company's cloud strategy as it gives customers a SaaS offering running on Microsoft Azure. Customers can leverage ready-to use channel interfaces such as chatbots and web-forms coupled with Thoughtonomy's integrated AI-enabled digital workforce manager, IADA.

According to Forrester Research there is a growing demand for SaaS services.

Forrester writer, “Business and government purchases of public cloud infrastructure, platform and application services will reach $411 billion by 2022.

Furthermore, “as cloud solutions become a larger and larger part of tech budgets and operations, CIOs will need to treat cloud as core to their technology delivery to business; not as peripheral activities that can be lightly managed.

Blue Prism cofounder and CEO Alastair Bathgate says, “Thoughtonomy gives our Digital Workforce added cloud, management and deployment capabilities.

“These new capabilities will accelerate the reach and value our digital workers provide, especially on Microsoft Azure. We're bringing Blue Prism to the world and Thoughtonomy is part of our push into mid-tier enterprises and key industry verticals,” says Bathgate.

Thoughtonomy CEO and founder Terry Walby says, “This acquisition gives us the foundation to deliver the next generation of intelligent automation capabilities.

He says, “Together we immediately provide the most comprehensive portfolio in the market, but our ambitions are just taking flight. We will broaden and simplify access to the most advanced Digital Workforce on the planet. We are just getting started.

Both companies will continue to build out their partner network, which focuses 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.