They have pots of cash, £126M at last report. I see no reason to sell the business in a pandemic. They want Brexit to fail and any company that appears to thrive must be punished until it goes bust or is bought out by rich Americans. May be a Frenchman, Oooh I did not say that. It is as if there is a very bitter remainer in charge of pricing the AIM market. They announced a 40% plus growth and the share price fell 25%. Since then the sales have grown 10 fold and the share price has halved. Why are the BOD trying to run the business down? I smell a conspiracy. The BP statement said that is 17% up on last year. The guidance for this year end was to expect ARR at low end of £170m, the fact that it came in at £179m is above guidance. On 18th June the Berenburg statement said "the problems at BP keep compounding", they did not have one good word to say about BP. The covid pandemic has decimated big business across the world with lockdowns. I think BP has done a very strong performance over this last year considering. Sign up for the Daily Brief, Silicon Republic’s digest of need-to-know sci-tech news.Posted at 17:31 by captain galaxy Bigboi92 This is your Captain here. Monti Saroya, senior managing director at Vista, added: “Vista is a leading investor in RPA 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 RPA.”ĭon’t miss out on the knowledge you need to succeed. The company has reportedly begun searching for a new CEO. Combining with Vista and Tibco will ensure we remain at the forefront of the next generation of intelligent automation.”īlue Prism also said that it was in the process of separating the roles of CEO and chair. This is testament to the hard work and dedication of all Blue Prism team members over the years. “Vista and Tibco recognise the strength of what we have built and the exceptional products and services we provide our customers. Vista has said it believes merging the companies “will yield significant synergies and market differentiation, combining the product and R&D investment of the two businesses”.Ĭommenting on the deal, Blue Prism CEO and chair 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 plans to combine Blue Prism with Tibco, a software company it bought in 2014 for $4.3bn. Vista is a large firm with about $81bn of assets under management, focusing on enterprise software and data services. The company is one of the biggest players in the RPA market, competing with the likes of UiPath to provide corporate clients with software to automate administrative and other digital tasks. The competition caused Blue Prism’s share price to climb more than 39pc earlier this month.īlue Prism has been listed on the London Stock Exchange’s AIM sub-market since 2016, and has a client book of more than 2,000 companies that includes the UK’s National Health Service, eBay, Siemens, 3M and Jaguar Land Rover. Ultimately, of the two Texas-based firms, Vista won out. The company has attracted attention from multiple US private equity outfits in the last few weeks, with TPG Capital also conducting discussions. Pending acceptance by shareholders, the deal is expected to close later this year or in the first quarter of 2022. The offer of £11.25 per share, which the company’s board will recommend that shareholders take, represents about a 33pc premium on UK-based Blue Prism’s opening price this morning (28 September) of £8.45.īlue Prism’s board, which plans to unanimous endorse the deal, described it as “fair and reasonable”. Robotic process automation (RPA) company Blue Prism has approved a £1.1bn takeover offer from US private equity firm Vista Equity Partners. The RPA software company has attracted attention from multiple US private equity outfits in recent weeks.
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