LONDON, AUSTIN TX – April 21, 2020 — Blue Prism announced today it has raised £100 million from existing and new investors, placing it in a strong position in the current economic climate. The funding will be used to further strengthen and protect Blue Prism’s balance sheet during a period of uncertainty for the wider economy, while allowing continued investment in the innovation of its dedicated enterprise intelligent automation suite.
In this new economic reality, automation has become a top business priority. Blue Prism is working to meet this demand by helping organizations stay resilient, responsive and competitive through the deployment of a Digital Workforce. The funding raised positions the business as a strong partner to its large enterprise customer base, well placed to accelerate Robotic Process Automation (RPA) adoption with organizations looking to maintain business continuity and alleviate the challenges of COVID-19 through intelligent automation.
"In this environment, our Digital Workers are arguably more important than ever in driving organizational adaptation and resilience, and our role as a strategic technology partner to our customers in many ways becomes more emphasized,” says Jason Kingdon, Executive Chairman and CEO of Blue Prism. “The capital raised positions us a strong partner to our enterprise customers as they increasingly look to securely scale beyond a simple Proof of Concept (PoC) while leveraging leading-edge AI and cognitive capabilities.”
Blue Prism reported achieving the fastest revenue growth of all large UK public software companies for the fourth consecutive year in 2019. Completing its most successful year in FY2019, Blue Prism reported an 83 percent revenue increase to £101m while boosting its customer base by 73 percent to 1,677 global enterprise accounts from the previous year. Blue Prism also added more than 700 new customers last year as it continued to execute on its vision of a Digital Workforce for Every Enterprise.
Becoming an agile enterprise means operating as a seamless mix of digital workers, human workers, and systems dynamically automating processes everywhere from the back office to the customer experience. You can do this with Blue Prism's intelligent digital workers that are versatile, autonomous, self-organizing, and secure. As a result, you gain better insight and control over the work, create new and transformative ways to operate, and empower people to focus on work that truly matters.
©2021 Blue Prism Limited. “Blue Prism”, the “Blue Prism” logo and Prism device are either trademarks or registered trademarks of Blue Prism Limited and its affiliates. All Rights Reserved.
If your network blocks YouTube, you may not be able to view the video on this page. In this case, please use another device. Pressing play on the video will set third-party YouTube cookies. Please read our Cookies Policy for more information.