"The combination ensures that we remain at the forefront of the next generation of intelligent automation and can continue to provide innovative products and services. "While as a standalone enterprise we have built an impressive business, the opportunity presented to combine Blue Prism with SS&C will bring us access to significant capital resources and investment in R&D alongside access to SS&C's extensive 18,000 customers. Jason Kingdon, chairman and chief executive of Blue Prism, said: "Blue Prism was an early pioneer in building the RPA sector and today is a market leader, working with over 2,000 organisations worldwide.
They now intend to recommend unanimously that Blue Prism shareholders vote in favour of the SS&C offer.īlue Prism directors have also proposed to adjourn the court meeting and the Blue Prism general meeting to be held on 9 December 2021. The Blue Prism directors have withdrawn their recommendation of the Vista offer. The SS&C offer is higher than the previously recommended takeover offer made by Vista Equity Partners of about £1.22bn - or 1,250 pence per share. US-headquartered SS&C Technologies Holdings' recommended offer of 1,275 pence in cash per Blue Prism share values the listed business at £1.243bn
A new £1.24bn takeover offer for Blue Prism has been recommended to shareholders of the Warrington-based robotic process automation specialist.
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