The Blue Prism platform records system logins, changes in management, decisions, and actions taken by its software robots to identify statistics and operational analytics. It’s designed for multi-environment deployment models with both physical and logical access controls, with a centralized release management interface and process change distribution framework that provide a level of visibility.
Blue prism stock valuation windows#
NET, automates virtually any app on any platform - including mainframes, Windows machines, and the web - in environments ranging from terminal emulators to web browsers and services. It’s recently come to the fore in light of the coronavirus pandemic - last month, Blue Prism launched a COVID-19 response task team, which worked with the U.K.’s National Health Service the University of California, San Francisco and the Leeds Building Society to automate HR, personnel, finance, vaccine development, and other health care support functions.īlue Prism’s eponymous platform, which is built on Microsoft. Robotic process automation - an industry that’s anticipated to be worth $10.7 billion by 2027, according to Grand View Research - is a form of workflow automation technology that taps AI to tackle digital tasks previously performed by humans. Chair and CEO Jason Kingdon says the fresh capital will be used to strengthen Blue Prism’s balance sheet while allowing investment in the company’s automation suite. In a sign of the robotic process automation market’s continued strength in the face of an economic downturn, Blue Prism today announced that it has raised £100 million ($124 million) in equity financing at a valuation of around £1 billion ($1.24 billion). “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.Missed the GamesBeat Summit excitement? Don't worry! Tune in now to catch all of the live and virtual sessions here.
“Combining with Vista and TIBCO will ensure we remain at the forefront of the next generation of intelligent automation,” said Jason Kingdon, chairman and chief executive of Blue Prism. The deal is still pending the approval of Blue Prism’s shareholders and regulators. Romanian-founded competitor UiPath hit a $1.3 billion valuation in its April IPO on the New York Stock Exchange. The RPA market to set for continued growth analyst house IDC predicted in a 2020 report that the overall value of the RPA market will hit $2 billion this year and $5.9 billion by 2024.Īccording to Gartner, Blue Prism is one of the top three vendors in the RPA space alongside Automation Anywhere and UiPath. Private equity firm Thoma Bravo purchased cybersecurity firm Proofpoint in an all-cash deal that valued the company at $12.3 billion in August.ĭata analytics firm Cloudera also agreed to go private in a $5.3 billion private equity buyout led by KKR and Clayton Dubilier & Rice (CD&R) in June. The deal is not the first high profile acquisition of a publicly traded software company by a private equity firm in 2021. The private equity company acquired Tibco in 2014 for $4.3 billion. When the deal is finalised, Vista said it will transfer ownership of Blue Prism to Tibco, a Silicon Valley-based enterprise data firm which it also owns. Vista is set to pay £11.25 per share of Blue Prism, a 35 per cent premium on its closing share price of £8.32. The Warrington-based software firm, founded in 2001, claims its client base includes Fidelity, Daimler, eBay, and the NHS. RPA software looks to automate repetitive digital tasks normally performed by people, such as extracting data from documents or filling in forms. UK robotic process automation (RPA) software company Blue Prism has agreed to a £1.1 billion takeover by US private equity firm Vista Equity Partners.
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