![]() The Companys robotic process automation (RPA) software operates. Subject to Blue Prism’s shareholders’ approval, court approval, regulatory approvals, and other conditions, the deal is expected to close late in Q4 2021 or early in Q1 2022. U.K.-based Blue Prism (AIM:PRSM) delivers the worlds most successful digital workforce. Vista Funds has secured undertakings in favour of the deal from Blue Prism’s directors and founders and Lead Edge Capital Management, who have a combined stake of around 23% in the UK-based firm. Vista Equity Partners senior managing director and Vista Flagship Fund co-head Monti Saroya said: “Vista is a leading investor in Robotic Process Automation technologies and 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.” The combination of Blue Prism and TIBCO Software’s technology is expected to yield considerable synergies and market differentiation. TIBCO Software had developed a connected intelligence platform to enable enterprises in predicting outcomes in real-time and at scale. It offers integration, data management, and analytics software to help leverage real-time data for making quicker, smarter decisions. “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 £160 million this year.”Īfter the closing of the deal, Vista Funds plans to indirectly transfer Blue Prism to its portfolio company TIBCO Software.īased in the US, TIBCO Software is active in the enterprise data space. The company’s intelligent automation platform is said to connect both the human and digital workforce with systems, cognitive tools, applications and technologies such as artificial intelligence (AI), machine learning, optical character recognition (OCR), and the Blue Prism Digital Exchange.īlue Prism chairman and CEO Jason Kingdon said: “Blue Prism has become a leading player in the RPA sector since it was founded in 2001, when it first pioneered the technology. It is claimed to have users around the world in over 2,000 businesses, which include Fortune 500 companies. The acquisition by Vista Funds will be executed through a scheme of arrangement.īlue Prism is engaged in providing intelligent automation solutions for its enterprise customers. (Credit: Tumisu from Pixabay)īlue Prism Group, a UK-based publicly-listed robotic process automation (RPA) software provider, has agreed to a £1.1bn takeover by Vista Equity Partners’ Vista Funds.Īs per the terms of the deal, Vista Funds is offering 1.12p per share in cash to Blue Prism’s shareholders. Vista Funds to acquire RPA software provider Blue Prism. This increases user adoption throughout an organization and enables automation and RPA projects to scale more effectively across a business and its processes.Blue Prism will be combined with enterprise data company TIBCO Software after the closing of the deal The combination of the two technologies means that organizations can deliver even greater efficiencies and ensure project success by enabling users to interact with RPA in a language they understand. “Utilizing natural conversations with employees and customers to not just provide support and information, but also actionability through triggering RPA processes. “Humley’s partnership with Blue Prism supercharges the capabilities of intelligent automation through enabling organizations to connect back and front office processes,” said Adam Harrold, CEO of Humley. ![]() In concert with RPA, the companies said the partnership with make end-to-end automation easier to achieve. U.K.-based Humley’s product uses machine learning and natural language processing enabling companies to deploy chatbots and assistants for use in customer service, employee onboarding and other applications. Blue Prism’s Technology Alliance Program enables its customers to integrate various related technologies into its RPA automations. RPA provider Blue Prism has added conversational AI company Humley as a technology partner.
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