LONDON, UK: Bolt Bidco Limited, a wholly owned indirect subsidiary of SS&C Technologies Holdings, has agreed to acquire entire issued and to be issued ordinary share capital of Blue Prism for 1,275 pence/share translating into acquisition value of £1.243 billion on a fully diluted basis.
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, an ecosystem of ready-made automations available to business users at the click of a button.
Bolt Bidco is a newly incorporated wholly owned subsidiary of Financial Models Corporation Limited, the holding company for SS&C’s UK operations, and indirectly of SS&C.
Bolt Bidco was incorporated in England and Wales on 25 November 2021 solely for the purpose of the acquisition and has not traded since incorporation, nor has it entered into any obligations, other than in connection with the acquisition and the financing of the acquisition.
Commenting on the acquisition, Jason Kingdon, Chairman and CEO 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. 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.
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. SS&C also recognises the hard work of the Blue Prism team over the years and understands the value of the skills, experience and commitment of our employees.
The process the Blue Prism Board over the last five months has undertaken has been extensive, and we believe this offer represents strong, immediate value for our shareholders and benefits our wider stakeholders.”
Bill Stone, Chairman and CEO of SS&C, said: “A core part of SS&C’s value proposition is to drive efficiencies for our customers, and Blue Prism is another lever for our customers to gain those efficiencies. In conjunction with Chorus, SS&C’s intelligent automation system, Blue Prism will accelerate value delivery through automation of increasingly complex tasks.
Blue Prism will also be able to be used internally across our company to further optimize our operating models in some of our core services and corporate functions that will help deliver more value to our customers and shareholders. SS&C has a long history of acquiring high quality businesses and improving their revenue growth profile and cost structure.
With SS&C’s management focus, global salesforce, talented development organization, and significant capital resources, Blue Prism can reach new heights with their intelligent digital workforce. The combination of Blue Prism’s market leading RPA solutions, and SS&C’s top position in the financial services and healthcare industries, we believe, will yield significantly improved results.”
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