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BREAKING NEWS

Blue Prism buys cloud services company Thoughtonomy

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LONDON (Reuters) – Blue Prism Group said on Wednesday it had agreed to buy cloud services company Thoughtonomy for up to 80 million pounds ($100 million) to help it supply mid-tier companies with its robotic process automation platform.

The deal was announced alongside Blue Prism’s results for the six months to end-April, which saw revenue rising 82% to 41.6 million pounds. The company’s adjusted core loss widened to 34 million pounds, driven by an expansion in its sales and marketing capability.

(Reporting by Paul Sandle, editing by Louise Heavens)

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