Sector Review: New Acquisitions in RPA and IA
Robotic Process Automation and Intelligent Automation have been bringing significant value to firms and are becoming indispensable components of a CXO's arsenal, from delivering lightning-fast customer service to boosting operational efficiency. All businesses now benefit greatly from RPA and IA, and adoption is predicted to increase much further in the post-COVID future. According to Gartner, nearly all major corporations worldwide will have implemented RPA in some capacity by 2022. According to estimates, businesses can save between 25 and 50 percent on operating expenses by implementing RPA and IA for certain applications or processes. Businesses across a range of industries are now investing in RPA and IA as a strategic tool to boost productivity and upskill their workforces, as the two technologies have demonstrated their ROI. In a news release, BluePrism revealed that National Grid USA, one of its clients, achieved a 950% return on investment in the second year of its RPA implementation.
“As the epidemic continues, "demand for RPA and intelligent automation has soared as enterprises have looked to automation for business resiliency, to support remote workers, and to streamline business," said Mike Micucci, COO of Automation Anywhere.
More RPA providers, each with its own specialties and advantages, have entered the RPA & IA market as a result of the search for an automation platform with specific features. There are currently over 60 RPA providers in the automation arena, ranging from tiny disruptors and agile upstarts to first-generation mainstream giants. According to Verified Market Research, the size of the robotic process automation market was estimated at USD 1,204.34 million in 2020 and is expected to increase at a compound annual growth rate (CAGR) of 31.9% from 2021 to 2028, reaching USD 12,023.61 million. In a similar vein, the global intelligent process automation market was estimated to be worth $8.1 billion in 2018 and is projected to grow at a compound annual growth rate (CAGR) of 11.5% to reach $20.7375 billion by 2026.
In order to demonstrate the significance of the technology across several sub-sectors, we at GTD have compiled a list of recent acquisitions in the RPA & IA market in 2021.
Pollux's takeover by Accenture
With the purchase of Pollux, Accenture has acquired an industrial robotics solutions company for the first time. For customers in the consumer goods, pharmaceutical, and automotive sectors looking to increase the productivity, safety, and sustainability of their factories, plants, and supply chains, it broadens its capabilities. Accenture's industrial IT, applied intelligence, and industry consulting capabilities are enhanced by Pollux's knowledge and experience in robotics and automation solutions.
About Accenture: Accenture is a multinational provider of professional services with industry-leading skills in security, cloud, and digital. With the help of the greatest network of advanced technology and intelligent operations centers in the world, it provides strategy and consulting, interactive, technology, and operations services.
About Pollux: Established in 1996, Pollux offers solutions to help warehouses and shop floors streamline their manufacturing and logistics operations. The business creates, develops, and implements fully operational assembly lines including robots and other gear, as well as the software that manages them. Alongside designing and implementing its solutions, the firm also provides maintenance & repair services.
Intellibot's acquisition by Servicenow
In order to increase productivity and support current artificial intelligence (AI) and machine learning (ML) initiatives, Servicenow intends to integrate Intellibot's capabilities natively into the Now Platform. This will allow customers to more easily integrate with both modern and legacy systems. As part of the agreement, Intellibot helps clients automate repetitive processes for intelligent, end-to-end automation, extending ServiceNow's core workflow features.
About ServiceNow: Based in Santa Clara, California, ServiceNow is an American software firm that creates cloud computing platforms to assist businesses in managing digital processes for enterprise operations.
About Intellibot: Intellibot is a platform for robotic process automation that relies on visual programming and computer vision.
The purchase of NCS Technologies by Qentelli
Through the acquisition of NCS Technologies, Qentelli has expanded its clientele in the digital sector, its intellectual property portfolio, and its service delivery center located on the US East Coast, which enhances its ability to provide near-shore services. Qentelli will be able to quickly develop a variety of end-user solutions thanks to the combination, especially in the areas of cloud, application modernization, quality engineering, data technologies, customer experience, and hyper-automation—all of which are core competencies of Qentelli LLC.
About Qentelli: Qentelli is a US-based technology company that helps businesses use technology as an enabler to positively impact their bottom line and top line by bringing their native thinking into the digital sphere. By implementing cutting-edge technologies like machine learning, deep learning, and our own AI-infused frameworks, as well as commonplace technologies like DevOps and automation, Qentelli speeds up these transformative engagements.
NCS Technologies is a company that offers high-value customer touchpoint solutions that boost sales, cut expenses, and enhance customer loyalty. We had to master the technical skills crucial for big businesses, such as software development, data management, and system integration, in order to provide our clients with the commercial value they want. We are called upon by major companies to help them realize their IT goals and enhance the effectiveness of their direct and indirect client connections.
The purchase of Jolt Advantage Group by Roboyo
Roboyo strengthens its position in North America with the purchase of Jolt Advantage Group. The addition of Jolt, situated in Tampa, increases Roboyo's global workforce to over 400 workers across 10 countries, making it the world's largest provider of automation services.
About Roboyo: With offices in 18 cities in 10 countries and three continents, Roboyo is currently the largest Intelligent Automation professional services provider in the world. It holds all UiPath's highest partner accreditations and has 4 of the world's UiPath Most Valuable Professionals as employees. Roboyo helps clients to operationalize a full spectrum of AI-powered automation technologies, creating hybrid Human+digital workforces that elevate enterprise performance gains from increments to multiples.
The Jolt Advantage Group is a prominent provider of Intelligent Automation services in North America. It received UiPath's Innovation Partner of the Year award in 2019 and is a part of the prestigious USN program. It was named one of the fastest-growing private firms in America by Inc. after achieving triple-digit growth over the previous three years.
Blue Prism Group's acquisition by Vista Equity Partners
Vista Equity intends to merge Blue Prism with Tibco, a company in its portfolio, as part of its $1.5 billion acquisition of Blue Prism Group. As a privately held business, Blue Prism will have better access to funds to pursue new growth prospects through product investment and other possible M&A, as well as be able to offer its customers a wider selection of solutions thanks to Tibco's global presence and technologies.
About Vista Equity Partners: Vista Equity Partners is an American investment firm that specializes in funding and transferring innovative companies that use software, data, and technology.
About Blue Prism Group: Blue Prism is the trading name of the British multinational software company Blue Prism Group plc, which invented and produces enterprise robotic process automation (RPA) software that offers a digital workforce intended to automate intricate, end-to-end operational tasks.
According to Global Tech Developers, RPA driven by AI is one of the main pillars of digital transformation that practically every CIO is keeping an eye on. Additionally, companies can advance their automated tasks by integrating RPA and IA with other cutting-edge technologies like machine learning, natural language processing, and speech recognition. This allows the automated tasks to perform tasks that previously required human perception and judgment. Investors and entrepreneurs are becoming more interested in RPA and IA because they don't want to fall behind in this race for digital transformation.