Virtual workforce pioneer set to list on AIM
A COMPANY specialising in robotic process automation software which allows customers to save costs by creating a virtual workforce to handle back office, clerical functions is set to join the AIM stock market.
Newton-le-Willows-based Blue Prism, which has offices in London and in the US, is currently backed by the Rising Stars Growth Fund managed by EV (24.8%) and the Liverpool Seed Fund (18.6%).
Customers include the Co-op Bank, online retailer Shop Direct, RWE npower, Fidelity Investments, the NHS and O2.
In a stock market filing the company, whcih has 43 staff, did not reveal how much it wants to raise in the IPO, or its market value.
It added: “The group has experienced customer momentum, primarily through its channel partner ecosystem. In the financial year ended 31 October 2015, the group won 25 new customers, of which 18 were indirect customers, taking its total customer base to 57 predominantly blue-chip customers across the UK, US and Europe.
“This momentum has continued into the current financial year and, as at 31 January 2016, the group has added a further two direct and 15 indirect customers.”
Founded in 2001, the company is led by chief executive Alastair Bathgate, who currently owns 14.5% of its shares. The listing is expected on March 18.
