Previously, the software had run on customers' own servers. In June 2017, Blue Prism announced that a new version of its software would run on public clouds such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. At the time, Blue Prism remained based in Merseyside. In March 2017, a group of shareholders sold stakes in Blue Prism. At the time, it employed 86 people worldwide. On 6 January 2017 Blue Prism announced it would open new offices in Austin, Texas, while remaining based in London. By November 2016, it had offices in Chicago and Miami, as well as the United Kingdom. Customers include O2, Co-operative Bank and Fidelity Investment Management. The company's shares rose 44 percent on the first day of trading on AIM, under CEO Alastair Bathgate. On 18 March 2016, Blue Prism undertook an IPO when the company floated on the London Stock Exchange AIM market with a market capitalisation of £48.5 million. In 2019, Gartner released its 'Magic Quadrant' for RPA, and Blue Prism was one of the leaders in the market. Blue Prism Group PLC UIPath Be Informed B.V. stated that the key companies in the RPA market included: Automation Anywhere, Inc. Īn October 2018 study by Grand View Research, Inc. The independent market research company Forrester Research identified Blue Prism as one of three companies that is considered a leader in the robotic process automation field both in terms of their market presence as well as the quality of their offering in a 2017 study. It has been used to handle the requests generated by the General Data Protection Regulation by Tokio Marine Kiln for back-office transaction framework by the nutrition company, Fonterra, to fix quantity mismatches in planning software SAP and by Milaha for the entry, processing and transfer of data. RPA is a growing industry and is expected to reach $3.11 billion by 2025. Blue Prism has been credited for coining the term "Robotic Process Automation." Robotic process automation (RPA) is the application of technology that provides organizations with a digital workforce that follows rule-based business processes and interacts with the organizations' systems in the same way that existing users currently do. Co-operative Financial Services began using Blue Prism software in 2005 to automate manual processes in customer services. In 2005, the second version of Automate was released with features for large scale processing. In 2003, Blue Prism's first commercial product, Automate, was launched. The company was co-founded by Alastair Bathgate and David Moss to provide a new approach that today is known as robotic process automation, or RPA. Initially their focus was on the back office where they recognised an enormous unfulfilled need for automation. History Formation īlue Prism was founded in 2001 by a group of process automation experts to develop technology that could be used to improve the efficiency and effectiveness of organisations. The company was listed on the London Stock Exchange AIM market until its acquisition. īlue Prism's headquarters are at 2 Cinnamon Park Crab Lane Warrington WA2 0XP, UK with regional offices in the U.S. In March 2022, Blue Prism was acquired by SS&C Technologies. Thank you for your continued trust and support.Blue Prism is the trading name of the Blue Prism Group plc, a British multinational software corporation that pioneered and makes enterprise robotic process automation (RPA) software that provides a digital workforce designed to automate complex, end-to-end operational activities. Our customers are pivotal to the future success of our business and remain our highest priority. It continues to be business as usual for us as we continue to deliver the highest standards of service and dedication. We will keep the channels of communication open with you during this period and will update you when we have more further details. We will continue to focus on what we do best - delivering the best service and experience for the customers we serve. While there's no guarantee the transaction will be completed, should a deal with Vista go ahead, Blue Prism will be integrated with TIBCO – one of Vista's portfolio companies and a leading player in the enterprise data space, providing integration, data management and analytics software that makes it possible to unlock the potential of real-time data for making faster, smarter decisions.īlue Prism remains committed to the valuable relationships and partnerships we have with our customers, technology suppliers and partners. Blue Prism has announced that it has received a firm offer from Vista which our Board intends to recommend to shareholders.
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