Thursday, 18 July 2019 10:25

Blue Prism completes Thoughtonomy acquisition Featured

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Blue Prism completes Thoughtonomy acquisition Image Stuart Miles, FreeDigitalPhotos.net

UK-headquartered robotic process automation software company Blue Prism has completed its acquisition of intelligent automation platform provider Thoughtonomy.

Last month Blue Prism announced the agreement to acquire Thoughtonomy saying the deal would advance its cloud strategy with a turnkey SaaS offering available across market verticals and into mid-tier enterprises worldwide.

Completion of the deal with see Thoughtonomy operate as a business unit of Blue Prism led by its founder and chief executive Terry Walby.

Both companies say they will work to enable an “on- demand digital workforce, accessible to all, by combining the strengths of Blue Prism’s connected-RPA platform and Thoughtonomy’s award winning software-as-a-service capabilities”.

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.

“This will enable greater operational agility allowing customers to accelerate automation projects more easily to drive improved productivity and customer experiences, without needing to set up a dedicated infrastructure to support their program,” Blue Prism says.

“Thoughtonomy gives our Digital Workforce added cloud, management and deployment capabilities,” says Alastair Bathgate, co-founder and chief executive, Blue Prism.

“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.”

Blue Prism cites a Forrester Research report saying that “business and government purchases of public cloud infrastructure, platform and application services will reach US$411 billion by 2022” – and that “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.”

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

“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.

“Together both companies will continue to build out the strongest partner network in the industry aimed at driving up customer adoption in 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.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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