Announced
Completed
Synopsis
SS&C Technologies, a financial technology company, completed the acquisition of Blue Prism, a UK-based software company, for $1.65bn. "Central to SS&C's value proposition is driving efficiencies for our customers. Blue Prism is another lever for our customers to gain those efficiencies. In conjunction with Chorus, SS&C's intelligent automation platform, Blue Prism will accelerate value delivery by automating increasingly complex tasks. Blue Prism will also further optimize our operating models behind our core services and corporate functions to 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 its 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," Bill Stone, SS&C Chairman and CEO. On November 17, 2021, SS&C Technologies made a $1.56bn takeover approach to Blue Prism. On November 25, Blue Prism agreed to Vista's $1.63bn final takeover offer. On December 1, Blue Prism agreed to SS&C Technologies $1.65bn takeover offer.
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