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Blue Prism Group PLC (PRSM)

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Tuesday 16 July, 2019

Blue Prism Group PLC

Acquisition of Thoughtonomy Ltd

RNS Number : 7374F
Blue Prism Group PLC
16 July 2019
 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

 

 

For Immediate Release

16 July 2019

 

Blue Prism Group plc

("Blue Prism", the "Company" or the "Group")

 

Acquisition of Thoughtonomy Ltd ("Thoughtonomy")

 

Further to the announcement dated 19 June 2019, Blue Prism is pleased to announce that, other than Admission (as defined below), all conditions to the completion of the acquisition of Thoughtonomy (the "Acquisition") have now been satisfied.

Accordingly, application has been made for admission to trading on AIM ("Admission") of 1,074,711 new ordinary shares, comprising certain consideration shares pursuant to the terms of the Acquisition. Admission is expected to become effective on 17 July 2019.

Following Admission, Blue Prism will have a total of 80,276,274 ordinary shares in issue. All ordinary shares will have equal voting rights and none of the ordinary shares will be held in treasury. Accordingly, the total number of voting rights in the Company immediately following Admission will be 80,276,274.

Alastair Bathgate, CEO of Blue Prism, commented: "Today marks an exciting milestone for Blue Prism. The acquisition of Thoughtonomy will further our development of enterprise-based cloud products and open up the mid-tier market opportunity. We look forward to welcoming the Thoughtonomy team into the business and building on our long-term partnership to create an even more powerful and accessible proposition for customers."

For further information please contact:

 

Blue Prism Group plc                                        +44 (0)7736 707407

Tom Hull, Head of Investor Relations

 

Investec Bank plc                                                +44 (0)20 7597 5970

Andrew Pinder

Sebastian Lawrence

Carlton Nelson

 

FTI Consulting                                                  +44 (0)20 3727 1000

Matt Dixon

Dwight Burden

 

About Blue Prism

In this digital era where start-ups are constantly disrupting markets, only the most agile and innovative enterprises survive and thrive. At Blue Prism, we pioneered Robotic Process Automation (RPA), emerging as the trusted and secure intelligent automation choice for the Fortune 500 and public-sector market. Now we bring you connected-RPA supported by the Digital Exchange (DX) app store - marrying internal entrepreneurship with the power of crowdsourced innovation.

Blue Prism's connected-RPA can automate and perform mission critical processes, allowing your people the freedom to focus on more creative, meaningful work. More than 1,300 global customers leverage Blue Prism's digital workforce, empowering their people to automate billions of transactions while returning hundreds of millions of hours of work back to the business. Visit www.BluePrism.com to learn more about Blue Prism (AIM:PRSM.L).

Further information on Thoughtonomy

Based in London, Thoughtonomy was founded in 2013 by Terry Walby (CEO) and has grown into the leading provider of intelligent, cloud-based automation. Thoughtonomy currently has around 77 direct customers and approximately 200 indirect customers located worldwide. Thoughtonomy has historically targeted customers in the public sector, financial services, energy, healthcare, outsourcers and service providers and uses a primarily partner driven business model, with key partners including Symphony, Digiblu and ISG.

Thoughtonomy has 55 employees, with over half dedicated to product related activities. Terry Walby will remain with the business in an Executive capacity, initially reporting into Blue Prism's Chief Executive Officer.

 

 

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks in this Announcement are incorporated into, or form part of, this Announcement.

 

 

-ends-


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