![]() ![]() “We are pleased to extend this offer for Blue Prism and believe the combination will yield significant synergies and market differentiation, combining the product and R&D investment of the two businesses and enabling the marketing of a broader product offering to existing and new customers. Monti Saroya, senior MD at Vista and co-head of the Vista Flagship Fund, said: “Vista views the acquisition of Blue Prism and combination with TIBCO as an exciting and transformational moment for the growth of enterprise-grade intelligent automation and robotic process automation. “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.”Ĭloud transformation will blow away your competition “Vista and TIBCO recognise the strength of what we have built and the exceptional products and services we provide our customers,” continued Kingdon. It has a blue-chip enterprise customer base of more than 10,000 companies. TIBCO provides integration, data management and analytics software for enterprises. Vista, which has more than $81bn in assets under management, plans to combine Blue Prism’s product and R&D investment with that of its portfolio company TIBCO. Robots aren’t taking our jobs – they’re empowering us “We have made excellent progress in creating a company with a robust global customer base and rapid revenue growth – rising from £6 million when we listed in 2015 to an expected reported revenue of over £160m this year.” “Blue Prism has become a leading player in the RPA sector since it was founded in 2001, when it first pioneered the technology,” said Jason Kingdon, an early investor in Blue Prism who became its chairman and CEO in April 2020. The historical data and Price History for Blue Prism Group Plc (BPRMF) with Intraday, Daily, Weekly, Monthly, and Quarterly data available for download. Stock : USD 16.32 0.00 0.00 : BLUE PRISM GROUP fundamentals help investors to digest information that contributes to BLUE PRISMs financial success or failures. ![]() Summary Analysis Advice Analysis Ownership. However, the Warrington-headquartered company has seen its share price dip 30% this year and has come under fire in recent times for a perceived lack of investment in future products. BLUE PRISM Operating Margin is currently at (21.58). ![]() The offer represents a 35.2% premium on the closing share price a month ago when the offer period commenced.Įarlier this year, shareholders blocked the appointment of a new CEO and chairman, causing Blue Prism to invite meetings with senior shareholders – many of whom then urged the board to explore a sale.Ī leading player in automation of back office tasks for enterprise companies, Blue Prism has users globally in more than 2,000 businesses, including Fortune 500 companies. Shareholders will be asked to vote on an offer of 1,125 pence per share from US private equity firm Vista Equity Partners for Blue Prism, one of the largest tech firms on the London Stock Exchange’s junior AIM market. “The capital raised positions us a strong partner to our enterprise customers as they increasingly look to securely scale beyond a simple Proof of Concept (PoC) while leveraging leading-edge AI and cognitive capabilities.”īathgate is leaving the firm to “focus on other opportunities”, but said he remains a “fervent supporter and major shareholder” of the company.īlue Prism said it had made an adjusted EBITDA loss of £27.5m in the five months to March, on revenues of £55.5m.UK robotic process automation company Blue Prism has agreed to a £1.1 billion US takeover. “In this environment, our Digital Workers are arguably more important than ever in driving organizational adaptation and resilience, and our role as a strategic technology partner to our customers in many ways becomes more emphasized,” said Kingdon, who invested £1m in the latest raise. The coronavirus crisis has seen automation become even more of a business priority, something Blue Prism hopes will stand it in good stead once the situation improves. Its new funding, from existing and new investors, will be used to strengthen its balance sheet during a period of uncertainty for the wider economy, while allowing continued investment in its product suite. It currently has over 1,800 customers including Microsoft, Accenture, Google, IBM and Jaguar Land Rover. The robotic process automation software company, which grew revenues by 83% to £101million last year, still has a market valuation of £1bn despite seeing its share price fall by 40% since February. Warrington-based tech firm Blue Prism has anounced the departure of its founder and chief executive after raising £100m through a share placing.Īlastair Bathgate will step down on April 30th, with executive chair Dr Jason Kingdon taking over as chair and CEO. ![]()
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