Current blue prism stock price11/10/2023 ![]() ![]() ![]() Vista delisted Tibco in September 2014 for $4.3bn. Customers can also receive unique offers based on their surfing patterns according to the software’s feedback. Amazon’s tailored product recommendations and FedEx’s shipment tracking system both use the software. The company sells middleware, which allows customers to access real-time data from numerous systems while also anticipating their needs. It offers enterprise data solutions with a focus on real-time communication for business-to-business, business-to-consumer, and business-to-employee data transfers, as well as facilitating communication between otherwise incompatible applications. Tipco is a portfolio company of Vista, headquartered in Palo Alto, California. Typically, the firm invests between $5m and $1bn in equity into companies with $20m to $500m in sales, and $25m to $5bn in enterprise value. It is looking for opportunities in North America and Europe. It also seeks to invest in technology-enabled businesses with proven and defensible technology that can be used to develop new products, solutions, and services mature businesses with opportunities to create value by embracing and leveraging technology and new or existing businesses with proprietary technologies that address specific niche markets. Its key focus sectors include specialty software products, enterprise software, Software-as-a-Service (SaaS), B2B companies, data and technology-enabled business services. Vista Equity Partners is a private equity and venture capital firm, headquartered in Austin, Texas, specializing in management buyouts, growth and acquisition financings, recapitalizations, restructurings, spinouts, divestitures, unusual situations, and going-private transactions in the middle and large cap market segments. On 18 March 2016, Blue Prism went public by floating on the London Stock Exchange AIM market with a resulting market capitalization of £48.5m. Mashreq, another financial institution, collaborated with Blue Prism to automate a variety of processes, including banking, compliance, customer service, and support desk operations. Moreover, Fannie Mae, a financial services corporation, employed a Blue Prism RPA platform to automate a review and notification process in its mortgage operations department. ![]() IEG4, a digital transformation company, collaborated with Blue Prism to streamline the processing of benefits claims through more effective data management. The robots monitor water network signals and alarms and automatically notify engineers of any problems. Illustrative applications include United Utilities, a UK water provider, that bought Blue Prism’s software in order to improve procedures and increase productivity. Its RPA software has been purchased by globally leading companies such as Coca-Cola, Pfizer, Prudential, Sony, and Walgreens. Among the industries in which Blue Prism’s software has been implemented are banking and insurance, consumer packaged goods, legal services, public sector, professional services, healthcare, and utilities. The company was one of the pioneers developing such software. It develops Robotic Process Automation (RPA) software to provide businesses with a smart digital workforce. ![]() Also, Games developers have been targeted, like the $1.2bn takeover of Codemasters by Electronic Arts and the £919m ongoing acquisition of Sumo Group by Tenant.īlue Prism, founded in 2001, is a multinational enterprise software company based in the UK. In addition to the Blue Prism acquisition, Vista announced that it “intends to explore the prospective sale of all or a portion of its equity interest” in the combined company, which “may happen within the next 12 months.” It is the most recent overseas acquisition of a London-listed software company this year, following Avast’s $8bn deal with NortonLifeLock. Vista plans to integrate Blue Prism with Tibco, the Silicon Valley-based data analytics business it took private for $4.3bn in 2014. It’s the latest in a long line of private equity investments in publicly traded software firms. Vista will pay each shareholder £11.25 per share, a 35% premium over the business’s last closing price before the announcement of £8.32. Blue Prism, whose clients include Daimler, eBay, and the NHS in the United Kingdom, said it intends to propose that shareholders approve the offer published on Tuesday, calling the terms “fair and reasonable.” The company already announced on August 31, 2021, that it was in discussions with TPG Capital and Vista Equity Partners over a potential takeover. On September 28, 2021, Blue Prism, a British enterprise software company that specializes in software robots that automate monotonous jobs, announced that it has reached an agreement with private equity firm Vista Equity Partners to be acquired for £1.1bn ($1.5bn) in cash. ![]()
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