In Bold Move, RPA Player Blue Prism Might Go Private?

This morning U.K. based automation-software company Blue Prism Group PLC said that it is in discussions with U.S. private-equity firms TPG Capital and Vista Equity Partners over potential offers for the company.

Blue Prism has been credited for coining the term “Robotic Process Automation.” RPA is a growing industry and is expected to reach $3.11 billion by 2025. In 2019, Gartner released its first ‘Magic Quadrant’ for RPA, and Blue Prism was one of the leaders in the market.