7/7/2023 0 Comments Vista blue prismThe robots monitor water network signals and alarms and automatically notify engineers of any problems. Illustrative applications include United Utilities, a UK water provider, that bought Blue Prism’s software in order to improve procedures and increase productivity. Its RPA software has been purchased by globally leading companies such as Coca-Cola, Pfizer, Prudential, Sony, and Walgreens. Among the industries in which Blue Prism’s software has been implemented are banking and insurance, consumer packaged goods, legal services, public sector, professional services, healthcare, and utilities. The company was one of the pioneers developing such software. It develops Robotic Process Automation (RPA) software to provide businesses with a smart digital workforce. Also, Games developers have been targeted, like the $1.2bn takeover of Codemasters by Electronic Arts and the £919m ongoing acquisition of Sumo Group by Tenant.īlue Prism, founded in 2001, is a multinational enterprise software company based in the UK. In addition to the Blue Prism acquisition, Vista announced that it “intends to explore the prospective sale of all or a portion of its equity interest” in the combined company, which “may happen within the next 12 months.” It is the most recent overseas acquisition of a London-listed software company this year, following Avast’s $8bn deal with NortonLifeLock. Vista plans to integrate Blue Prism with Tibco, the Silicon Valley-based data analytics business it took private for $4.3bn in 2014. It’s the latest in a long line of private equity investments in publicly traded software firms. Vista will pay each shareholder £11.25 per share, a 35% premium over the business’s last closing price before the announcement of £8.32. Blue Prism, whose clients include Daimler, eBay, and the NHS in the United Kingdom, said it intends to propose that shareholders approve the offer published on Tuesday, calling the terms “fair and reasonable.” The company already announced on August 31, 2021, that it was in discussions with TPG Capital and Vista Equity Partners over a potential takeover. Post completion of the deal, Vista Funds has plans for the indirect transfer of Blue Prism to TIBCO Software, its US-based portfolio company which is engaged in the enterprise data space.On September 28, 2021, Blue Prism, a British enterprise software company that specializes in software robots that automate monotonous jobs, announced that it has reached an agreement with private equity firm Vista Equity Partners to be acquired for £1.1bn ($1.5bn) in cash. The deal, which is subject to approval by shareholders of the RPA software firm, will close by the end of this year if the scheme gets court approval in the UK. “In providing its financial advice to the Blue Prism Directors, Qatalyst Partners has taken into account the commercial assessments of the Blue Prism Directors.” The company stated: “The Blue Prism Directors, who have been so advised by Qatalyst Partners as to the financial terms of the Final Offer, consider the terms of the Final Offer to be fair and reasonable. Blue Prism’s board of directors has recommended the company’s shareholders vote in favour of the deal. The acquisition is expected to be carried out through a scheme of arrangement. The only exception is that Vista Funds has the right to raise the amount if there is a possible offer from another party or from SS&C Technologies to the RPA software firm. Vista Funds at that time had offered to acquire all the shares of Blue Prism for 1.12p per share in cash.Įarlier this week, US-based software provider SS&C Technologies came up with a takeover offer worth around $1.6bn (£1.2bn) or 1.2p per share in cash.īlue Prism stated that the latest offer from Vista Funds is final. In September 2021, Vista Funds had reached a deal with the company for a £1.1bn takeover. (Credit: Michal Jarmoluk from Pixabay)īlue Prism Group has accepted a final takeover offer worth £1.22bn from Bali Bidco, a company which is indirectly owned by Vista Equity Partners’ Vista Funds.Īs per the terms of the deal, Blue Prism’s shareholders are being offered 1.25p per share in cash.īased in the UK, the publicly-listed company is a robotic process automation (RPA) software provider. Vista Funds to acquire robotic process automation software provider Blue Prism. Shareholders of the UK-based publicly-listed robotic process automation software provider are being offered a revised price of 1.25p per share in cash, compared to the price of 1.12p announced by Vista Funds in September 2021
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