Executive interview – Blue Prism

Published on 23 March 2018

Blue Prism is a world leading provider of Robotic Process Automation (RPA) software. These software ‘robots’ are trained to automate manual, rules-based, administrative processes to create a more agile, cost-effective and accurate working environment. Blue Prism coined the term “robotic process automation” in 2012 after spending four years industrialising the product with a number of blue-chip customers, including Barclays Bank, Co-operative Banking Group, Telefónica O2, RWE npower and Shop Direct. Blue Prism operates an indirect software licensing sales model and has built an extensive base of partners including Accenture, Cap Gemini, Deloitte, EY, IBM and KPMG. The company listed on AIM in March 2016 and reported revenues of £24.5m for the year-ended 31 October 2017.

Alastair Bathgate, CEO of Blue Prism, provides an update on the business. He describes the company’s Robotic Process Automation (RPA) technology and its competitive positioning, as well as the key factors that have driven recent revenue growth. He outlines the use of proceeds secured from Blue Prism’s recent fund-raise, and describes how the company’s channel partner network is strengthening. Alastair goes on to differentiate between AI and RPA, and how the two will be increasingly used together, before giving his views on how the business balances growth and profitability. Finally, Alastair outlines the key strategic objectives for FY18.

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