Blue Prism is acquiring UK cloud services company Thoughtonomy for up to 80 million pounds to extend the SaaS capabilities of its  robotic process automation (RPA) platform.

Thoughtonomy has built a cloud-based AI engine that delivers RPA-based solutions on a SaaS framework.

Blue Prism says that connecting its RPA platform with Thoughtonomy’s SaaS capabilities will allow customers to accelerate automation projects more easily, without needing to set up a dedicated infrastructure to support their program.

"The acquisition of Thoughtonomy will support a broader strategy to strengthen our portfolio with cloud offerings that deliver value and enhance customer experience,” says Alastair Bathgate, Co-founder and CEO, Blue Prism.

“Thoughtonomy brings valuable knowledge and experience in the development and implementation of cloud-based intelligent digital workers, with a successful track record delivering its solutions to mid-tier enterprises in a number of industry verticals complementary to the areas of the market Blue Prism has served.”

Thoughtonomy has delivered year on year growth of over more than 250 percent over the past three years and has customers spread across four continents. In 2018, the company was ranked fourth in the Sunday Times Tech Track 100 and 11th in the Deloitte 2018 UK Technology Fast 50, cementing its position as one of the fastest growing UK-headquartered technology companies and one of the brightest stars in global AI.