Leading Provider of Enterprise Robotic Process Automation (RPA) Drives Global Growth of the Digital Workforce
London & Miami, March 15, 2016 – Blue Prism, the pioneering developer of enterprise Robotic Process Automation (RPA) software, today announced its debut on AIM of the London Stock Exchange (LSE). The first developer of software robots to trade on the public markets, Blue Prism, working closely with its global network of partners, grew 35% last year and has deployments with more than 74 customers, including a number of the world’s largest banks, insurers, utilities, healthcare, telecommunications, service providers and other regulated industries. The initial public offering (IPO) will allow Blue Prism to support its global growth plans and enhance its profile within the RPA marketplace.
“Today’s milestone follows a successful year for the company, and marks a shift in acceptance for software robots as a mainstream choice for the enterprise digital workforce,” said Alastair Bathgate, co-founder and CEO of Blue Prism. “Software robots have been deployed successfully and strategically by large, blue chip organizations that have derived tremendous value from this new solution to the labor market, it’s not science fiction.”
First commercialized in 2008, Blue Prism’s software robots are trained to automate routine back-office clerical tasks. The company’s enterprise-grade software enables the automation of manual, rules-based, administrative processes to create a more agile, cost effective and accurate back-office. The principal market opportunity for Blue Prism’s software robots lies within the increasing adoption of RPA by large enterprises with significant back-office operations, in applications like CRM, ERP, HR, billing, claims management, customer service, financial management and transaction processing.
As a pioneer in the space, Blue Prism coined the term “robotic automation” in 2012 to describe software robots used to automate clerical processes in the business services industries and the company has been a driving force to define product standards expected by large enterprise; the company worked with its early customers to develop the commercial requirements for enterprise compliance, resilience, repeatability, scalability and security of RPA technology that are considered standards of today’s deployments. It is this “industrialization” process that has enabled the concept of software robots to be considered a mainstream labor alternative for enterprise back-office work.
To learn more about Blue Prism, please visit www.blueprism.com.
About Blue Prism
Blue Prism brings to life the virtual digital workforce of scalable, enterprise-strength software robots which are capable of completing rules-based processes more efficiently, accurately and securely. Formed by process automation experts, with offices in London, Manchester, Miami and Chicago, Blue Prism has pioneered the development of robotic process automation software and helped businesses transform by enhancing core business processes, improving customer service and better allocating resources to drive innovation. The company currently operates in the BPO, government, financial services, energy, telecom, retail and healthcare sectors, and is a Gartner Cool Vendor. For more information, visit www.blueprism.com and follow Blue Prism on Twitter.
The release, publication or distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement document does not constitute an offer of, or the solicitation of an offer to buy or subscribe for, shares of Blue Prism Group plc (“Blue Prism”). Blue Prism’s shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the “Securities Act”) or qualified for sale under the laws of any state of the United States or under any applicable securities laws of any territory other than the United Kingdom. Any acquirer of Blue Prism shares should only do so on the basis of the information contained in Blue Prism’s Admission Document to be published on or around 15 March 2016.