![]() SS&C then announced on 16 November that it was considering making an offer for Blue Prism. The SS&C offer values the robotic process automation (RPA) software specialist at £1.24bn and represents a 53.2% premium to the Blue Prism closing price of 832 pence on 27 August 2021, the day before the start of the Vista offer period.īlue Prism first agreed a 1,125p bid from Vista on 28 September. (NASDAQ:SSNC) and has withdrawn its previous backing for a 1,250p bid from the US private equity group Vista Funds. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.īlue Prism Group PLC (AIM:PRSM) has recommended a 1,275p per share cash offer from the hedge fund SS&C Technologies Holdings, Inc. Proactive will on occasion use automation and software tools, including generative AI. The team also has access to and use technologies to assist and enhance workflows. Our human content creators are equipped with many decades of valuable expertise and experience. Proactive has always been a forward looking and enthusiastic technology adopter. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. This is content that excites and engages motivated private investors. ![]() We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. It has more than US$81 billion in assets under management, according to the firm’s website.Proactive leads the world in up-to-the-minute, multi-media news provision, events organisation, investor relations management and investor research ![]() Vista, which focuses on investments in enterprise software companies, was founded by billionaire Robert F. He said his firm had spent five months drawing up potential operational improvements that would accelerate Blue Prism’s sales growth. The software company’s depressed valuation reflects concerns about gaps in its product portfolio and its distance from key clients and investors in the U.S., Rasteh said in August. The investment firm’s founder, James Rasteh, said the company’s management had now earned his trust. One of its independent directors, Murray Rode, was previously a longtime member of Tibco Software’s management and served as its chief executive after its purchase by Vista.Īctivist investor Coast Capital, which owns just under 3 percent of Blue Prism, recently said it’s open to a private equity takeover of the company after initially opposing a sale. headquarters and invest in research and development, people familiar with the matter said. Vista aims to combine Blue Prism with existing portfolio company Tibco Software Inc., which it acquired in 2014. Some 23 percent of its shareholders have said they will back the deal, including Jupiter Investment Management and Lead Edge Capital Management, according to the statement.īlue Prism said in late August that it was in discussions with Vista and another private equity firm, TPG, about possible offers for the company. It is the latest in a growing number of British companies being sold to overseas buyers as foreign investors take advantage of valuations depressed by the pandemic and Brexit.īloomberg first reported details of the Blue Prism acquisition. The deal barely claws back the value lost this year as Blue Prism’s shares fell by around a third, pulled lower by concerns over gaps in its portfolio and the cost of developing the products needed to keep the company competitive. The offer represents a premium of about 35 percent to Blue Prism’s closing price of £0.83 (US$1.13) on August 27, the last full trading day before takeover interest became public. tech company by a foreign buyer.īlue Prism recommended Vista’s bid of £1.125 (US$1.53) a share in a statement Tuesday. ![]() ![]() Bloomberg | Private equity firm Vista Equity Partners (Vista) is to acquire automation software developer Blue Prism Group Plc., for about £1.1 billion (US$1.5 billion), in yet another takeover of a U.K. ![]()
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