![]() The statement said the combination of Blue Prism and TIBCO technology is expected to yield "significant synergies and market differentiation" and in addition, Blue Prism is expected to benefit from access to TIBCO's large global blue-chip enterprise customers and to greater access to long-term capital under private ownership.Īs of yesterday, Blue Prism’s shareholders holding 23% of the company’s shares have given undertakings to accept the offer.Ĭommenting on the deal, Blue Prism chairman and chief executive Jason Kingdon 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's blue-chip enterprise customer base of over 10,000 companies includes approximately 50% of the Global 500. In a statement, Blue Prism said Vista intends to transfer the company to TIBCO, a portfolio company of Vista, which provides integration, data management and analytics software. The 1,125p per share cash offer is at a premium of 35.2% to the closing price per Blue Prism share of 832 pence on 27 August, the last day of trading prior to the offer. Blue Prism’s board decided to explore strategic options, including a sale, following a shareholder consultation earlier this year. The AIM-listed company announced on 31 August that it was holding talks with TPG Capital and Vista regarding possible offers. 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, the robotic process automation software specialist, has recommended a 1.09bn takeover offer from the US private equity group Vista Funds. ![]() 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. Its product portfolio includes Automation Platform, Process Intelligence, Blue Prism Cloud Platform, Process Assessment, Automation Lifecycle Management (ALM), Robotic Operating Model (ROM), Decipher IDP, Service Assist, ERP Accelerator, Digital Exchange and Decision.Proactive leads the world in up-to-the-minute, multi-media news provision, events organisation, investor relations management and investor research Its automation platform connects both the human and digital workforce with systems, cognitive tools, applications and technologies, including artificial intelligence (AI), machine learning, optical character recognition (OCR) and the Blue Prism Digital Exchange. Its segment is engaged in the licensing of robotic process automation (RPA) software used to automate routine, rules-based back-office processes. The Company combines enterprise-grade intelligent automation with an ecosystem of distribution and technology partnerships to help its customers scale their digital workforces. Blue Prism Group plc is a United Kingdom-based company that provides intelligent automation solutions for enterprises to transform their work.
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