Points of View

Blue Prism Hits £1bn Market Value, but is it Sustainable?

It’s got to be one of the most significant milestones to date in the rapid adoption of Robotic Process Automation (RPA), that industry pioneer Blue Prism is now a £1bn ($1.3bn) market cap company. Investors are desperate to find new investment opportunities, and any successful proven business in the enterprise automation and AI space is flavor of the month. However, as the secret sauce spicing up RPA becomes increasingly less secret and easy to replicate, can this valuation explosion sustain itself long-term?

 

It was only March 2016 that Blue Prism made its initial public offering (IPO) at 78p per share, valuing the company at £48.5m ($65m). It’s proved one of the most successful tech floats since, with the shares going on a pretty constant rise to its current high of 1,684p ($22.43) (See Exhibit 1) – and breaking the £1bn market valuation last week.

 

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