Why You Need to Diversify your Automation Program

December 27, 2021

What happened?

Market rumour surfaced in recent days that Blue Prism is in discussion, as a takeover target, with at least two US-based private equity firms.[1]

Why is this happening?

The takeover approach makes sense as Blue Prism was one of the first movers in RPA and has remained a leader within the industry despite strong challengers in recent years emerged.

Prior to the takeover rumour, Blue Prism was trading at 830 GBP, down from 1,369 GBP twelve months ago –  representing nearly 40% year-on-year reduction in share value despite a red hot RPA market.

Why is this concerning for automation programs?

We have been delivering automation solutions ranging from Blue Prism, UiPath, WorkFusion, Automation Anywhere etc. for almost a decade, each of them have their strengths. Some organisations have single vendor reliance, which makes an automation program more straightforward to manage.

However, reliance on a single RPA vendor is a mistake. This approach poses significant risks to not just the automation team within your organisation but all the processes that are automated through that vendor platform.

Single vendor reliance is not only an issue for Blue Prism clients. With the speed of market consolidation within the automation space, today’s other RPA leaders may be tomorrow’s Blue Prism.

What should automation programs do?

Diversify your automation program with an additional vendor. If possible, an open-source vendor.

In BLV Solutions, we believe Robocorp is a compelling choice. It is an open-source RPA vendor and the underlying source code is Python based therefore customers are not locked onto its platform.

Its business model does not revolve around software licensing and it is closely tied to the non-profit Robot Framework Foundation, enshrining its commitment to open source.

Who are we?

BLV Solutions is one of Robocorp’s pioneer partners in APAC that focuses on delivering Robots-as-a-Service to segment of clients that are typically underserviced by other automation providers.

Sound interesting? Contact us: info@blvsolutions.com

[1] https://www.cnbc.com/2021/09/02/uks-blue-prism-becomes-latest-target-of-us-private-equity.html

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