![]() UK takeover rules reserve the right for Vista to withdraw its final offer and come back with a higher bid to compete with SS&C's offer. Reuters Nov 25 (Reuters) - British robotics software company Blue Prism (PRSMB.L) has agreed to a 1.22 billion pound (1.63 billion) final takeover offer from U.S. SS&C said it intends to maintain Blue Prism's British headquarters as a UK robotic process automation centre.īlue Prism shareholder Coast Capital, which owns around 2.8% of the software company, last week had objected to Vista's revised offer saying it undervalues the firm and had instead backed the possible offer from SS&C made in mid-November. ![]() Vista did not immediately respond to a Reuters request for comment outside their regular business hours. U.S.-based fintech company SS&C's all-cash offer of 1,275 pence per Blue Prism share is higher than its earlier possible bid of 1,200 pence, and is above private equity firm Vista's final offer of 1,250 pence.īlue Prism chief Jason Kingdon said the combination with SS&C will offer access to "significant capital resources and investment in R&D alongside access to SS&C's extensive 18,000 customers".īlue Prism directors intend to unanimously recommend that shareholders vote in favour of the SS&C offer. There may be a few more twists and turn in this tale yet.Dec 1 (Reuters) - Software group Blue Prism (PRSMB.L) agreed to a 1.24 billion pounds ($1.65 billion) takeover offer from SS&C Technologies (SSNC.O) on Wednesday, withdrawing its backing for a bid from rival suitor Vista. Nov 25 (Reuters) - British robotics software company Blue Prism PRSMB.L has agreed to a 1.22 billion pound (1.63 billion) final takeover offer from U.S. LONDON British software company Blue Prism said Tuesday it has agreed a deal to be taken over by private equity firm Vista Equity Partners for 1.1 billion (1.5 billion) in cash. and that is the Beast of Redmond.Īs Rob Warensjo, Megabuyte principal analyst, said when VEP first bid for the business, Blue Prism didn't attract the same interest from investors as bigger RPA players and the sale would have marked a "less-than-spectacular ending for Blue Prism's time on the public markets." Automation Anywhere and UiPath are the two giants of the sector, although Oracle, SAP, Microsoft and others have tried to muscle in on the act.įorrester said there will be only one winner. ![]() Shares of Blue Prism have fallen about 31 in London trading this year, giving the company a market value of about 1.15 billion pounds. Nov 26 (Reuters) - Blue Prism (PRSMB.L) shareholder Coast Capital said on Friday it will not support private equity firm Vista Equitys final takeover offer of 1.22 billion pounds (1.62. The RPA software business is forecast by tech analyst Forrester to be worth $2.9bn in 2021, up from a paltry $125m in 2016 – the same year Blue Prism launched an IPO on AIM. Blue Prism, a robotic process automation market pioneer has been sold for value around USD 1.5 Billion to Vista Equity Partners in 2021 September which is. Representatives for Vista and Blue Prism declined to comment.
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