#Blue prism equity partners 1.1b software

The price for Blue Prism marks a major discount to U.S.-based rivals such as UiPath, the New York-listed company with a $28 billion market cap, and Automation Anywhere, which was last privately valued at $6.8 billion.

“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.” “Combining with Vista and TIBCO will ensure we remain at the forefront of the next generation of intelligent automation,” said Jason Kingdon, chairman and CEO of Blue Prism. Supermarket chain Morrisons, infrastructure company John Laing and aerospace firm Cobham have all been the target of takeover bids in recent months.įollowing completion of the acquisition, Vista said it intends to indirectly transfer Blue Prism to portfolio company TIBCO, an enterprise data firm. Earlier this year, security firm Proofpoint agreed a $12.3 billion sale to Thoma Bravo, while Cloudera is being bought by KKR and Clayton, Dubilier & Rice.īlue Prism is also among a multitude of British firms that have attracted interest from U.S.

#Blue prism equity partners 1.1b software

It’s the latest in a string of private equity deals for publicly-listed software companies. 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.īlue Prism, which specializes in software robots that automate repetitive tasks, said Vista would pay each shareholder £11.25 per share, a 35% premium to the company’s last closing price of £8.32.