The company offers enhanced operational capacity and ability to streamline mission-critical operations and business processes catering to a wide range of requirements, offering advanced security, compliance, and scalability.
VISTA BLUE PRISM SOFTWARE
About Blue Prismīlue Prism Group PLC, a UK based software company, is a market leader and one of the pioneers in Robotic Process Automation (RPA) delivering connected Digital Workforce across global enterprises. The CEO and chairman of Blue Prism, Jason Kingdom said, “Combining with Vista and Tibco will ensure we remain at the forefront of the next generation of intelligent automation: We can expand the range of products we offer our customers, with Tibco’s global footprint and technologies and, as a privately owned company, we will also have greater access to capital to pursue new growth opportunities via product investment and other potential M&A”. Tibco provides data and analytics platform comprising of three pillars - Connect for integration, Predict for analytics and Unify for data management. “Blue Prism is a leader in the field of robotic process automation, Blue Prism’s leading capabilities provide a great opportunity to expand the Tibco platform with intelligent automation”, Tibco CEO Dan Streetman said. Vista acquired Tibco in the year 2014 for approximately 4.3 billion dollars. However, it has been confirmed that the private equity group will be purchasing Blue Prism and will be folding it Tibco, which is another property of Vista. As per the filling, Bali Bidco Limited is owned indirectly by Vista Funds for making the deal on their behalf. However, what makes this deal special is that it includes one of the top 3 vendors in the RPA space.Īn entity named Bali Bidco Limited was set up by Vista during this complex deal. by Joe Panettieri Private equity firm Vista Equity Partners is acquiring robotic process automation (RPA) software company Blue Prism Group for 1.5 billion, and plans to merge Blue Prism into Tibco Software. We were able to see the acquisition of several RPA start-ups by large vendors in 2020. It has more than US$81 billion in assets under management, according to the firm’s website.One of the pioneers in the RPA (Robotic Process Automation) market was recently sold for 1.5 billion US dollars to Vista Equity Partners. 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.
VISTA BLUE PRISM FULL
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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