#Blue prism tibco software#

The two should fit well together, at least on paper, as Blue Prism gives Tibco a leg up on the growing RPA market. While Tibco, a legacy vendor founded in 1997, offers a broad range of automation services to connect data sources across a company, Blue Prism offers robotic process automation services, which help automate a set of mundane legacy tasks across an organization.

Vista appears confident that the purchase and combination with Tibco will prove lucrative.

#Blue prism tibco software#

This is a useful figure because it indicates what the exit value of public software revenues may be in the European market from a company that is growing as slowly as Blue Prism is. If you look at the company’s H1 2021 revenue and extrapolate that over a year, Blue Prism is selling for around 6.8x revenues. The value of Blue Prism had fallen before the deal was announced, indicating that public investors were unenthused with its performance Vista is paying a premium for the company through Bidco, though less than what Blue Prism was worth earlier this year, before its most recent declines. The company was not growing particularly quickly for its level of unprofitability, despite making progress in stemming red ink. “Combining with Vista and Tibco will ensure we remain at the forefront of the next generation of intelligent automation: We can expand the range of products we offer our customers, with Tibco’s global footprint and technologies and, as a privately owned company, we will also have greater access to capital to pursue new growth opportunities via product investment and other potential M&A,” Kingdon said in a statement. Jason Kingdon, chairman and CEO at Blue Prism, sees this as the best path to put it on more solid footing. One of those options was a sale, which it decided was the best approach for the company. “The Blue Prism Board has considered a range of strategic options given the strategic and operational headwinds facing the company, the significant risks in execution and the shareholder consultation feedback,” the company said in the filing. While it’s unclear why it used that financial mechanism, the end result is the private equity group is buying Blue Prism and folding it into another Vista property, Tibco, which the firm acquired in 2014 for $4.3 billion.īlue Prism, by its own admission in the filing, was facing tough times and has been exploring its options since its annual general meeting last March. It’s a complex deal in which Vista set up an entity called Bali Bidco Limited - which, according to the filing, is indirectly owned by Vista Funds - to make the purchase on its behalf.

While we have seen a lot of RPA startups being acquired by larger vendors over the last year, this is the first deal involving one of the top three vendors in the space. View source version on businesswire.The robotic process automation (RPA) market has been red hot over the last year, and one of the market’s pioneers, Blue Prism, was sold to Vista Equity Partners for £1.095 billion ($1.5 billion USD), according to a filing in Great Britain this morning. “It is shocking to see that the Board continues to endorse Vista’s bid, which confirms their clear conflict of interest that we have been highlighting since day one,” said Rasteh.Ĭoast Capital is a New York-based fundamental investor that takes a Private Equity approach to deeply undervalued European-listed Equities. “This is a visionary move and is indicative of a visionary management team.”Ĭoast believes SS&C is an incomparably more suitable partner for key stakeholders of Blue Prism than Vista or Tibco, whose questionable dealings and relationship with the CEO of Blue Prism (and at least one compromised board member) prevent investors from considering the Vista offer and process as suitable. “We believe that the bid by SS&C for Blue Prism will, if successful, help transform SS&C into the clear tech leader (and therefore services leader) in the fund admin space,” said James Rasteh, Founding Partner at Coast Capital Management. Coast Capital Management, a shareholder of Blue Prism, announces its support for US-based SS&C’s $1.56 billion bid to acquire UK-based Blue Prism.