A Cheaper Way To Play RPA

A Cheaper Way To Play RPA

Pegasystems (tkr: PEGA): Pegasystems got into the RPA game through its 2016 acquisition of OpenSpan for $48.8 million (at a time when Software valuations were reasonable). OpenSpan was a natural fit for Pega given Pega’s stronghold across broadly-defined Financial Services and Insurance.

SS&C Technologies (tkr: SSNC): SS&C Technologies utilizes RPA and other advanced automation technologies to automate discrete workflows and entire processes (“Intelligent Process Automation”), for Asset Managers and Insurers. RPA delivers on the vision of automating discrete, repetitive tasks whereas IPA – removing the human element from entire processes – is where advanced automation is heading. Google (tkr: GOOGL) will be the advanced automation leader for consumer-facing processes as well as horizontal (i.e. industry vertical agnostic) enterprise use cases. SS&C Technologies and Verisk (tkr: VRSK) – among other companies – are poised to lead advanced automation within specific verticals. The IPA vision will become reality for many customer organizations as RPA tools and broadly-defined AI capabilities gain further penetration in the coming years and decades.