Business
Launch of new Group company, TPX human+
Launch of new Group company, TPX human+.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0691R Panoply Holdings PLC (The) 26 February 2019 \n\n26 February 2019\nRNS Reach\n \nThe Panoply Holdings PLC\n(\"The Panoply\", or the \"Group\")\n \nLaunch of new Group company, TPX human+ \nTPX Notbinary launches Robotic Process Automation subsidiary\n \nThe Panoply Holdings PLC, the digitally native technology services Group, is delighted to announce 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.\n \nTPX human+ is a provider of robotic process automation services, primarily to the government and not for profit industries. The business has developed organically in response to strong demand from TPX Notbinary's existing customer base, and marks The Panoply's entry into the RPA market, further building out the UK Cluster's set of digital transformation capabilities. Gartner estimates the worldwide market size of RPA C&SI services was $1.5 billion in 2017, growing at over 50% year over year.\n \nThe Group 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.\n \nThe 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.\n \nTPX 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. TPX human+ are confident that the Group's existing client base and reputation in the government and not for profit sectors will allow them to quickly gain a foothold in the RPA market. \n \nNeal Gandhi, Chief Executive ...