Just last month, Salesforce acquired Servicetrace RPA and integrated it with Mulesoft – another iPaaS player. With this acquisition and integration, there is a growing acknowledgment that there is a need for both RPA and APIs for enterprise integration and automation. iPaaS automates and simplifies integration activities, making it easy to connect applications and data. TIBCO which stands for the Information Bus COmpany has evolved into an Integration Platform as a Service ( iPaaS) that provides software to integrate and manage enterprise apps and information delivery. As per the company, they are a “Connected Intelligence platform that 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.” The board of Blue Prism said it still intended to unanimously recommend that Blue Prism shareholders vote in favour of the SS&C offer at the court and general meetings to be held in due course.Īt 1020 GMT, shares in Blue Prism Group were down 3.81% at 1,263p.Blue Prism is being taken over by Texas-based private equity firm Vista Equity Partners for £1.1 billion ($1.5 billion) in cash.įollowing completion of the acquisition, Vista intends to integrate Blue Prism with portfolio company TIBCO, which is an enterprise integration and data firm. “No such announcement has been made by Vista and, accordingly, the Increased Vista offer is final and cannot be increased.” The board noted that, under the City Code on Takeovers and Mergers, if an offeror wanted to set aside its no-increase statement it needed to make an announcement to that effect as soon as possible, within four business days after the date of the firm announcement of the competing offer. “In light of their intended recommendation of the SS&C offer, the board of Blue Prism decided unanimously to withdraw their recommendation of the increased Vista offer, and the court and general meetings to be held on 9 December will be adjourned.” “The SS&C offer represents a higher offer than the cash consideration of 1,250p per share under the terms of the increased Vista offer,” the Blue Prism board added. On 1 December, Blue Prism and Bolt Bidco, a newly-formed company indirectly owned by SS&C Technologies, announced they had agreed on a recommended cash offer of 1,275p per share. “As noted in the terms of the increased Vista offer, Bali Bidco reserved the right to increase the amount of the offer price if there is an announcement on or after the date of its announcement of an offer or a possible offer for Blue Prism by a third party offeror or potential offeror, including if there is the announcement of a firm offer or possible offer by SS&C,” Blue Prism said in its statement on Wednesday. On 25 November, Blue Prism and Vista’s Bali Bidco announced they had agreed to an increased cash offer of 1,250p per Blue Prism share. Since then, Blue Prism’s board said it had engaged with SS&C on detailed due diligence in order to advance discussions, in a bid to deliver “the best value” to shareholders. On 10 November, however, Blue Prism received a preliminary approach from SS&C Technologies regarding a possible cash offer of 1,200p per share. The AIM-traded robotics and automation specialist announced on 28 September that Bali Bidco, a newly-formed company indirectly owned by Vista, had agreed a cash offer of 1,125p per share. Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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