9/22/2023 0 Comments Current blue prism stock price![]() ![]() The Tibco deal also dangles the carrot of increased investment in sales, marketing, and other go-to-market activities. Indeed, it is in the promise of its product pipeline that Vista may be placing its bet. Having finally modernized its product management processes, it is increasing investment in products, and we see no evidence of that slowing as this acquisition plays out. The Tibco deal arrives just as Blue Prism is waking from its slumberīlue Prism is now showing signs of waking up. That the Blue Prism response is a partnership rather than a build or buy reveals much about its current challenges on innovation and investment. And everyone and their cat has a partnership with the category heavyweight Celonis. Appian acquired LANA Labs for its process mining capabilities only last month, while Kryon announced an entry-level free version, indicating how quickly process mining is becoming commoditized unless it is integrated into broader automation processes. ![]() A parallel integration with Blue Prism’s Capture enables process models to be pushed straight into the design studio to cut delivery time.Ĭombining process mining and RPA has become something of a trend among automation platform providers. The integration of ABBYY Timeline with the Blue Prism platform combines desktop user data with process details mined from system event data. Which news did they expect to cut through? Yet, Blue Prism chose to announce its take on bringing together the power-couple of RPA and process intelligence in the same week as announcements that the company had been sold. That partnership has been in play and development for the best part of four years. Timing of ABBYY process intelligence partnership shows why and how rivals have stolen a marchĪ case in point of marketing misfire: the recent announcement of Blue Prism’s partnership with ABBYY for process intelligence. Staff turnover had also hit partner programs, marketing, and sales, just as rivals ramped up their go-to-market budgets. Although several months on, some are experimenting with the tech as it’s optically free of charge. The company released a flurry of new products earlier in 2021 (Interact and Service Assist, finally Dechiper, etc.), bundling them with its revamped “all-in licensing.” However, the view from its customers was that this was too little, too late. But, as UiPath reports, only 1,247 of those earn more than $100,000 each per year.Įven within loyal Blue Prism clients, the expansion has not been at the rate the British-founded business may have hoped for. UiPath has romped to 9,100-plus customers to deliver an annual recurring revenue (ARR) of $726.5 million. Its top 50 customers (among its total of 2,000) spend an average of $1.5 million a year with the company. It lost significant mindshare and, with it, growth opportunities.īlue Prism would say its growth has been in expansion within loyal clients. Its growth rate has been a problem for Blue Prism, and the source of much of that is the pandemic era, in which competitors have been noisily forging ahead while Blue Prism ill-advisedly went quiet when the world had little else to do but listen. ![]() If nothing else, this deal does much to burst the RPA hype bubble and inject some reality back into the market. Other investors in RPA would be wise to take note. A realistic price, at just less than seven times its annual revenueĪt between 6.5 and 7 times revenue, $1.5 billion represents a fair price. Let’s not forget, this is a market it pretty much started when- working with HFS in 2012-it coined the phrase “robotic process automation” (RPA). Second, access to capital and more customers could be just what Blue Prism needs to get its mojo back and with it, the confidence to cut through the RPA-focused hype to reclaim leadership to meet the broadening needs of a maturing automation market. ![]() Financially, the business is heading in the right direction, albeit too slowly to please investors. Operating losses fell in the six months to April 2021 (from approximately $73 million to $30 million). This is no fire sale and the price paid isn’t chump change. There are the regulatory processes of being listed on the London Stock Exchange to overcome, for a start. But what does the $1.5 billion deal mean for current and prospective enterprise customers?įirst, we think we can reassure customers that Blue Prism is not about to be broken up and sold for parts. The firm that invented robotic process automation, Blue Prism, is headed for sale to private equity firm Vista, where it will be folded into enterprise data firm Tibco-if shareholders agree. The Bottom Line: To reassure customers, Tibco and Blue Prism must quit being coy, align fast to support the end-to-end automation life cycle, and be loud and proud about it.
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