Blue Prism’s Software Robots on the Rise
14 July 2016 - 11:00PM
Business Wire
33 More Enterprises Benefit from Digital
Workforce and Robotic Process Automation
Reporting its interim results for the first time since debuting
on the AIM market of the London Stock Exchange in March of 2016,
Blue Prism reported noteworthy customer adoption of its
enterprise-strength software robots and Robotic Process Automation
(RPA) platform in the first half of the year [six months ending
April 30, 2016].
The company added 33 new enterprise clients and closed 64
licensing deals with new and existing clients. Total customers now
include 90 predominantly blue-chip customers across the United
Kingdom, United States, Europe and South Africa (FY 2015: 57
customers). The remaining license contracts from existing clients
(28 up-sells) were demonstrative of increased adoption of Blue
Prism through the roll out of more robots on increasingly strategic
and transformational projects.
“We are still in the market education stage for this powerful
technology, but we are seeing an increasing adoption of RPA by
large enterprises with significant back-office operations. These
emboldened customers are becoming ever more ambitious in their
demands for RPA, increasingly thinking in terms of building a
digital workforce to complement their existing human workforce,”
noted Blue Prism CEO Alastair Bathgate. “We are very confident in
our business momentum and our strong cash position, and so we are
accelerating our investment in go-to-market programs to support our
partners and customers in this market transformation.”
Blue Prism strengthened its partner ecosystem, with 90 percent
of new customers acquired through or with channel partners. Some of
the company’s largest alliance partners include Accenture and
Deloitte and value-added resellers (VARs) Thoughtonomy, Symphony
Ventures, Neoops, Digital Workforce, RPAi, ID Management and
Virtual Operations. The company has also dedicated significant
resources to supporting its channel with training and development
of certification programs. To that end, Blue Prism welcomed almost
200 members of its extensive partner network to the company’s first
series of Partner World events in London and New York this
spring.
“We find there is an important role for us to play in helping
educate our clients about the different RPA vendors entering the
market and navigating appropriate choices for enterprise
deployments of a digital workforce,” said David Brain, co-founder
and COO, Symphony Ventures. “We have had significant success
deploying Blue Prism in very large, regulated industries that
require a high level of scalability, security, data integrity,
resilience and governance.”
Other recent milestones include:
- Grew total contracted revenue* by
124 percent: Compared to the same period last year, the company
increased total contracted revenue by 124 percent to £14.8m and
revenue by 21 percent to £4.0m. The full financial release can be
found here.
- Added two new U.S. locations: In
addition to its existing offices in Newton-le-Willows, London,
Miami and Chicago, Blue Prism increased its presence in the United
States with employees operating from new satellite locations in New
York and San Francisco.
- Named “Best Enterprise Application
of Artificial Intelligence”: AIconics awarded Blue Prism this
prestigious recognition at the AIconics awards in London, organized
by AI Business.
About Blue PrismFounded in 2001, Blue Prism (AIM:PRSM) is
the leading provider of enterprise-class Robotic Process Automation
(RPA) software. The company’s multi-skilled software robots are
implemented as digital labor in the most demanding enterprise
back-office environments to eliminate the disproportionately
low-return, high-risk, manual data entry and processing work that
humans shouldn’t be doing. The company’s pioneering technology
is used to automate back office tasks in sectors ranging from
banking, telecoms, energy, BPO, government, financial services,
retail and healthcare sectors. With offices in Manchester, London,
Miami and Chicago, Blue Prism debuted on the AIM market of the
London Stock Exchange in March of 2016. Blue Prism has been
recognized by Gartner as a Cool Vendor and by AI Business as the
Best Enterprise Application of Artificial Intelligence (AI) at the
AIconics awards. For more information, visit www.blueprism.com and
follow the company on Twitter.
* total of all billings and future value of contracts not yet
invoiced
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160714005632/en/
Version 2.0 Communications for Blue PrismJen Kaye / Melissa
Mahoney, 617-426-2222blueprism@v2comms.com
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