The companies were already working together before this - Thoughtonomy’s other key partners are companies like Microsoft’s Azure and Google Cloud, used to deliver its services - and according to Walby, the idea is that his startup will be helping Blue Prism get its services to the next level of where RPA is going. And indeed that is what it is getting with Thoughtonomy. On the same day that it had announced that fundraise, Blue Prism also unveiled a new AI initiative, working with partners to execute on that. She also confirmed that it would be looking at other opportunities, a sign that we are likely going to see at least a little more consolidation in this space.
Linda Dotts, the company’s SVP of global partner strategy and programs, today confirmed that it did raise that money, and that part of the proceeds of that are being used to make the Thoughtonomy acquisition. The acquisition comes about six months after Blue Prism announced it would be raising around $130 million (£100 million) to continue growing at a time when RPA is getting a lot of attention in the market. “We’ve had approaches on a daily basis since the intelligent automation market has exploded,” said Terry Walby, CEO and founder of Thoughtonomy, in an interview, “but getting the best outcome for the company and our customers is not just about taking money and headlines our valuation.” Thoughtonomy had never raised outside funding, although that was not for lack of interest. The deal is coming in a combination of cash and stock: £12.5 million payable on completion of the deal, £23 million in shares payable on completion of the deal, up to £20 million payable a year after the deal closes, up to £4.5 million in cash after 18 months, and a final £20 million on the second anniversary of the deal closing, in shares. Blue Prism is publicly traded on the London Stock Exchange - where its market cap is around £1.3 billion ($1.6 billion), and in a statement to the market alongside its half-year earnings, it said it would be paying up to £80 million ($100 million) for the firm. Blue Prism and Humley’s solution eliminates the need for multiple paper forms, emails, and data entry – generating an average 30% time saving for HR teams, freeing them to not only focus more time on the people over processes but also to concentrate on more strategic tasks, improving compliance and employee satisfaction.Robotic process automation - which lets organizations shift repetitive back-office tasks to machines to complete - has been a hot area of growth in the world of enterprise IT, and now one of the companies that’s making waves in the area has acquired a smaller startup to continue extending its capabilities.īlue Prism, which helped coin the term RPA when it was founded back in 2001, has announced that it is buying Thoughtonomy, which has built a cloud-based AI engine that delivers RPA-based solutions on a SaaS framework. The assistant generates significant efficiencies for HR teams and improves employee experiences through automating the process of capturing new starter information. Delivering significant productivity and satisfaction improvements through enabling people to focus on higher-value and more rewarding tasks.Īn example of the powerful combination of Blue Prism’s digital workers and Humley’s Conversational AI Assistants can be found in the recent deployment of an employee onboarding assistant.
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Humley orchestrates best-of-breed AI technology, including machine learning (ML) and natural language processing (NLP) together in combination with integrations to Blue Prism’s digital workers to automate the repetitive and manual tasks involved with processing customer, supplier, and employee requests and communications. Enhancing user experiences and creating operational efficiency through the provision of 24/7 AI-powered speech and text-based assistants. Humley provides a platform for rapidly deploying conversational interfaces for a wide variety of industries and functions such as sales and services, HR, finance, and IT with enterprise businesses.
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