Industry : Robotic Process Automation Software Information Technology
Founded : July 26, 2001; 16 years ago
Founders : David Moss and Alastair Bathgate
Website : www.blueprism.com
Blue Prism is the trading name of the Blue Prism Group , a UK multinational software corporation that pioneered and made enterprise robotic process automation software to eliminate low-return, high-risk, manual data entry and processing work. Blue Prism is headquartered in Newton- le-Willows, Merseyside, UK.
Blue Prism brings to life the virtual digital workforce of scalable, enterprise-strength software robots which are capable of completing rules-based processes more efficiently, accurately and securely. Formed by process automation experts, with offices in London, Manchester, Miami and Chicago, The Blue Prism has pioneered the development of robotic process automation software and has been implemented by improving business process, improving customer service and better allocating resources to drive innovation. The company currently operates in the BPO, government, financial services, energy, telecom, retail And medical sectors, and is a Gartner Cool Vendor.
Blue Prism WAS Founded in 2001 by A Group of Process Automation Experts to Develop Technology that Could BE Used to Improve The Efficiency and Effectiveness of Organizations. INITIALLY Their Focus WAS ON The White a collar Back Office WHERE They Recognized AN Enormous unfulfilled need for Automation The company was co-founded by Alastair Bathgate and David Moss to provide a new business-led, more granular and economic approach that today is known as Robotic Process Automation, or RPA. In doing so Blue Prism created a digital workforce. In 2003 Blue Prism’s first commercial product was launched. Co-operative Financial Services was using Blue Prism software in 2005, to automate manual processes in customer services.
Robotic Process Automation
Robotic Process Automation (RPA) is the application of technology that provides organizations with a digital workforce that follows rule-based business processes and interacts with the organisations systems in the same way that existing users currently do. Blue Prism claims that it coined The term “robotic automation” in 2012.
On March 18, 2016, the company floated on the London Stock Exchange AIM market, becoming a public company. With a market capitalization of £48.5 million, Blue Prism underwent an IPO in March 2016. The company’s shares rose 44 Percent on the first day of trading on AIM, under CEO Alastair Bathgate. Customers includ e O2, Co-operative Bank and Fidelity Investment Management. By November 2016, it had offices in Chicago and Miami, as well as the United Kingdom.
On January 6, 2017, Blue Prism announced it would open new offices in Austin, Texas, while remaining based in London. At the time, it employed 86 people worldwide. In March 2017, a group of shareholders sold stakes in Blue Prism. At The time, Blue Prism remained based in Merseyside. In June 2017, Blue Prism announced that a new version of its software would run on public clouds such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. Previously, the software had run on Customers’ own servers.
Blue Prism technology
Blue Prism is built on the Microsoft .NET Framework. It automates any application and supports any platform (mainframe, Windows, WPF, Java, web, etc.) presented in a variety of ways (terminal emulator, thick client, thin client, web Browser, Citrix and web services). It has been designed for a multi-environment deployment model (development, test, staging, and production) with both physical and logical access controls. Blue Prism RPA software includ es a centralized release management interface and process The change distribution model providing high levels of visibility and control. additional control is provided to the business via a centralizedised model for process development and re-use. The software supports regulatory contexts such as PCI-DSS, HIPAA and SOX, with a large number of Controls in place to provide the necessary security and governance.
In 2016, Blue Prism received one of the top honors at the AIconics Awards, named as The Best Enterprise Application of AI.
Blue Prism supports only “back-office” unattended robots and does not offer attended “front-office” robots.
In 2018, industry analyst firm Wikibon attempted to test Robotic Process Automation platforms noting: “we contacted three RPA vendors — Automation Anywhere, Blue Prism, and UIPath — to test and validate each of these propositions. Only one vendor, UIPath, responded.
Blue Prism partners includ e global consultancy firms with cross-industry multinational consulting capabilities and specialist process management providers. Partners includ e Accenture, Infosys,Genpact, Aurorpa, Avanade, NTT DATA,Capgemini, Cognizant, DXC, Deloitte, EY, HCL, HPE, IBM, ISG (Alsbridge), KPMG, PwC, Reveal Group, Lateetud, TCS and Tech Mahindra, as well as robotic process automation pure plays such as WonderBotz, Symphony Ventures, Genfour, Virtual Operations, qBotica and Thoughtonomy.