Posted on February 26, 2019 by staff

The Panoply launches robotic automation business

The Panoply launches robotic automation business

Worldwide market size of RPA services is estimated to be $1.5bn
Worldwide market size of RPA services is estimated to be $1.5bn

A digital technology services group has announced the launch of TPX human+, a specialist robotic process automation (“RPA”) business.

‘TPX human+’ has been set up as a subsidiary of TPX Notbinary, one of The Panoply’s existing group companies.

The Panoply, which floated in December 2018, was set up in 2016 with the aim of acquiring specialist technology and innovation consulting businesses across Europe.

‘TPX human+’ provides robotic process automation services, primarily to the government and not for profit industries.

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It has developed organically in response to strong demand from TPX Notbinary’s existing customer base, and marks The Panoply’s entry into the robotic process automation (RPA) market, further building out the UK Cluster’s set of digital transformation capabilities.

The Panoply has entered into strategic partnerships with Blue Prism, UiPath and Thougtonomy, and TPX human+ will act as an implementation partner to these software vendors as well as providing other related consultancy services.

Government and not for profit organisations are increasingly looking at the benefits RPA can bring following the uptake being seen in the private sector.

The Panoply is investing into TPX human+ in line with its strategy to back start-ups with strong management and strong potential for growth. As a subsidiary of TPX Notbinary TPX human+ will be subject to the TPX Notbinary earn-out formula which runs until 31 March 2020.

TPX human+ will be led by David Biden and Ciara MacCooey, who both have a wealth of experience in applying modern technologies into complex business environments.

TPX human+ currently has proof-of-concept projects active with a number of large clients, including a university, a county council and a not for profit organisation.

“We know that the demand for RPA services is growing rapidly, and for some time this has been a competency that we have been looking to own within The Panoply,” said Neal Gandhi, chief executive officer of The Panoply.

“TPX human+ takes an approach which puts the focus on engaging the business stakeholders involved; implementing the right technology and enabling the humans central to its adoption.”

“Allowing our Group companies to remain entrepreneurial and creative has always been a core tenant of The Panoply proposition, and we are excited to see this playing out in reality with the incorporation of TPX human+.”