Blue Prism to Bl Prizm

Blue Prism is the world's first software enterprise automation company robotic to eliminate the need for data low-impact, high-risk manual input and processing.

History

2022

Attending RPA Day 2022

Blue Prism - a leader and pioneer in the introduction of smart digital labor in all business industries - as part of its participation in the RPA Day 2022 conference , will talk about trends in digitisation through workplace automation.

Blue Prism will discuss how to organize and implement intelligent automation of business processes in the company to achieve the maximum return on investment, how to properly launch and develop automation technologies that achieve long-term value for your company and will become a key project in implementing digital transformation.

Cancel Vista Equity Deal

In February 2022, representatives of Blue Prism clarified to TAdviser that the deal with Vista Equity did not take place.

2021

TAdviser interview with solution manager Nikolai Bulanov

The TAdviser solution Russia Bulanov Nikolai manager, Russia & Emerging Markets, Blue Prism, answered questions about the company's business in the product range, partner program in December 2021. More details here.

Vista Equity bought Blue Prism for $1.63 billion

At the end of November 2021, the British robotics development company software Blue Prism was sold to an American private investment company Vista Equity for $1.63 billion. Earlier, Blue Prism planned to conclude a deal with a financial technology company from USA SS&C Technologies.

The increased cash offer from Bali Bidco, a company indirectly owned by Vista Equity, stemmed from objections from investor Coast Capital, which had not previously supported Vista Equity and SS & C. Bali Bidco said it will fund the deal with available cash.

Vista Equity acquired Blue Prism for $1.63 billion

Blue Prism, whose customers include automaker Daimler, eBay and the UK National Health Service (NHS), initially agreed to Vista Equity's offer in September 2021 for $1.5 billion.

US company Coast Capital, which owns about 2.8% of Blue Prism's shares, objected to Vista Equity's offer, saying it would vote against the deal, which it believes is undervalued by a company whose shares are listed in London. In addition, the minority shareholder stated that the sale process was incorrect and that, in his opinion, there was a multiple conflict of interest. Blue Prism defended the deal, saying it is better than continuing as a separate firm. Blue Prism explained that during the sale process, it turned to 15 strategic parties and 12 financial sponsors and that allegations of a conflict of interest are "completely wrong."

Vista Equity, with assets running more than $81 billion as of the end of June 2021, plans to merge Blue Prism with its infrastructure and business intelligence software company TIBCO, which it acquired in 2014 for about $4.3 billion.^[1][2]

Blue Prism took part in TAdviser SummIT

On November 23, 2021, Blue Prism, a pioneer and world leader in intelligent automation for business, took part in TAdviser SummIT 2021, the main event of the year in the field of information technology. The event is dedicated to the development of IT, improving the efficiency of business and the state with the help of technologies, advanced trends and developments that are preparing to enter the market.

As part TAdviser of SummIT 2021, Blue Prism participated in the session "Digitalization 2.0 in the context of business model transformation." to consulting The solution manager Russia CIS in and Nikolai Bulanov in his speech told how automated processes evolved from RPA simple functions based on clear logic to complex solutions for digital transformation and the transition to a digital workforce. Blue Prism provides solutions for intelligent automation, in which robots they are supplemented by skills based on artificial intelligence machine learning and are ready to solve problems that require the presence of cognitive skills.

Blue Prism is a world leader in the field of robotization of processes and intelligent automation that change the methods of work. The company has more than 2,000 customers in more than 170 countries and 70 industry verticals, 30% of which are on the Forbes Global 2000 list, creating value with new ways to implement processes, increasing efficiency and reducing millions of working hours.

Vista Equity Partners buys Blue Prism for $1.5 billion

At the end of September 2021, Vista Equity Partners, a private investment company, bought the developer of the Blue Prism Group RPA systems. The deal is estimated at $1.5 billion.

According to Bloomberg, the deal involves the merger of the Blue Prism Group with the existing portfolio company Tibco Software, which Vista Equity Partners acquired in 2014. The investment company plans to maintain Blue Prism's headquarters in the UK and invest in research and development.

Vista Equity Partners acquired Blue Prism for $1.5 billion

Blue Prism shares fell about 31% in London trading in 2021, resulting in a market value of about £1.15 billion. One of Blue Prism's independent directors, Murray Road, was previously a member of Tibco Software's management and served as chief executive officer after the merger with Vista.

Coast Capital CEO (the company owns just under 3% of Blue Prism) James Rastech noted that the developer's underestimate software reflects concerns about gaps in its product portfolio and its distance from key customers and investors in. USA He added that Coast Capital has worked with industry experts over the past 5 months to develop an operational improvement plan to accelerate revenue growth and increase the value of Blue Prism shares.

The Blue Prism team (including management and management) has created and maintains the world's best automation software product with an extremely valuable customer base of over 2,000 large enterprises. The company remains a leader in its fast-growing and very profitable industry, "Rastech added.

Vista, which specializes in investing in corporate software companies, was founded by billionaire Robert F. Smith. According to data on the company's website, by September 2021 it is managed by more than $81 billion.^[3]

Appointment of Stanislav Krupnik as Vice President in Russia and CIS countries

2020

As of June 2020, Blue Prism's goal is to provide a digital workforce for each enterprise. The company's goal is to unlock the potential of people working together, working in harmony with the digital workforce so that each enterprise can surpass its business goals.

Available locally, in the cloud, hybrid, or as an integrated Solution SaaS, Blue Prism's digital workgroups automate increasingly complex, end-to-end processes that enable digital transformation, in collaboration, across the enterprise.

Notes