UK AI specialist Thoughtonomy acquired by Blue Prism

Deal set to be completed by end of July

Automation software vendor Thoughtonomy has agreed to be acquired by fellow UK firm Blue Prism.

Thoughtonomy was founded by Terry Walby in 2013 and specialises in robotic process automation (RPA).

It provides a platform that allows the creation of digital workers that can learn and carry out computer processes, including password resets, account opening and invoice generation.

AIM-listed RPA specialist Blue Prism was established in 2001 and generated £15.5m in its most recent financial year published on Companies House.

Thoughtonomy's offerings will be incorporated into Blue Prism's Marketplace, which consists of customers and its technology and channel partners.

Blue Prism also claimed that the move will enhance its push to deliver RPA services with cloud providers, such as Amazon Web Services (AWS), Microsoft Azure and Google.

"The acquisition of Thoughtonomy will support a broader strategy to strengthen our portfolio with cloud offerings that deliver value and enhance customer experience," said Alastair Bathgate, co-founder and CEO of Blue Prism.

"Thoughtonomy brings valuable knowledge and experience in the development and implementation of cloud-based intelligent digital workers, with a successful track record delivering its solutions to mid-tier enterprises in a number of industry verticals complementary to the areas of the market Blue Prism has served."

The acquisition will see Blue Prism's connected-RPA platform distributed as a turnkey software-as-a-service offering, which will speed up the deployment of digital workers into mid-tier enterprises across the globe.

Thougtonomy's Walby stated: "We've been working with Blue Prism since our foundation in 2013, and we've built out our unique SaaS and intelligent automation capabilities to leverage their best-in-class RPA software.

"Together as leaders, we plan to broaden and simplify access to the most advanced digital workforce capabilities on the planet."

Scott Dodds, CEO at Ultima - which offers Thoughtonomy's technology to its mid-market customer base - previously told CRN that its automation has enabled Ultima to double the growth potential of its managed service business, without having to hire any more staff.

Financial details of the deal were not disclosed but it is expected to be completed by the end of July.