*UKHotViewsEXTRA* Blue Prism to raise £100m with market placing

Two big bits of news out today from UK RPA player Blue Prism with the release of full year results and news that it intends to raise an additional £100m with a Stock Market placing.

Firstly, lets deal with the 2018 results - Group revenue increased 125% to £55.2m (£24.5m FY 2017) built on the back of continued strong sales and partner network growth. Monthly recurring revenue has doubled to £5.6m (FY17: £2.8m). 

Blue Prism now has a customer base just shy of 1,000 organisations and signed 1,359 software deals in 2018 (FY17: 609), consisting of 528 new customers, 723 upsells across 310 customers and 108 renewals.

Blue Prism raised some £40m (also at FY results time) at the beginning of last year and has been investing a big chunk of this growing its global reach with new offices opened in Singapore, Hong Kong, France and Germany. The US operation is becoming particularly important to the business with revenue here increasing by 137% and over 1/3 of customers now located there.

TechMarketView clients, including UKHotViews Premium subscribers, can learn more in our HotViewsExtra article, just published: Blue Prism to raise £100m with market placing

Posted by Marc Hardwick at '09:36' - Tagged: results   placing   RPA   blueprism