StockMarketWire.com - Blue Prism said it had entered into an agreement to acquire Thoughtonomy for an aggregate consideration of up to £80m.

Thoughtonomy, a software-as-a-service (SaaS) based product and cloud services business, combined Blue Prism's robotic process automation platform to provide a cloud-based, on-demand, intelligent automation platform.

Additional features included ready-to use channel interfaces such as chatbots and web-forms and an integrated AI-enabled digital workforce manager, the company said.

The acquisition of Thoughtonomy provides the company with a 'turnkey SaaS product which combines the power of the connected-RPA with a fully integrated suite of premium quality AI and RPA capabilities, on demand,' said Alastair Bathgate, CEO of Blue Prism.

'The product is available to customers without the overhead of setting up a dedicated infrastructure and as a result is ideal in serving the mid-tier of the market. We believe that the cloud will grow in importance across our enterprise customer base, and this acquisition will also help further our development of enterprise-based cloud products.'


At 8:22am: [LON:PRSM] Blue Prism Group Plc share price was -21p at 1732p



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