Bali Bidco reaches agreement to buy Blue Prism for £1.095 billion

Bali Bidco reaches agreement to buy Blue Prism for £1.095 billion

LONDON, UK: Bali Bidco Limited, a company indirectly owned by the Vista Funds, has reached agreement to acquire entire issued and to be issued capital of Blue Prism for approximately £1.095 billion.

Under the terms of the acquisition, each Blue Prism shareholder shall be entitled to receive 1,125 pence in cash for each Blue Prism Share.

Blue Prism is a leading player in intelligent automation for the enterprise, transforming the way work is done.

Blue Prism has users globally in more than 2,000 businesses, including Fortune 500 companies. Blue Prism’s intelligent automation platform connects both the human and digital workforce with systems, cognitive tools, applications and technologies, including AI, machine learning, OCR and the Blue Prism Digital Exchange.

Bidco is an investment vehicle owned indirectly by the Vista Funds which has been formed for the purposes of making the Acquisition.

Vista is a leading global investment firm with more than $81 billion in assets under management as of June 30, 2021. Vista exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit, and public equity strategies.

Vista brings an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth.

Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity.

Following completion of the Acquisition, Vista intends to indirectly transfer Bidco to TIBCO, a portfolio company of Vista. TIBCO is a leading player in the enterprise data space, providing integration, data management and analytics software that makes it possible to unlock the potential of real-time data for making faster, smarter decisions.

Its Connected Intelligence Platform seamlessly connects any application or data source; intelligently unifies data for greater access, trust, and control; and confidently predicts outcomes in real time and at scale. TIBCO’s blue-chip enterprise customer base of over 10,000 companies includes approximately 50 per cent of the Global 500.

TIBCO’s strategy and focus represents an end-to-end and coordinated approach to these solutions, represented by its three product lines: Connect, Unify, and Predict, which are critical to driving digital transformation.

Bali Bidco believes the combination of Blue Prism and TIBCO technology will yield significant synergies and market differentiation, combining the product and R&D investment of the two businesses.

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