Vista strikes $1.5bn deal to acquire Blue Prism

Private equity firm Vista has started acquisition talks with Blue Prism in $1.5bn deal

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Vista agrees to acquire Blue Prism – Photo: Shutterstock
                                

US private equity firm Vista has entered into acquisition talks with automation software provider Blue Prism in a $1.5bn deal.

The acquisition will see Blue Prism looking at an offer of £11.25 ($15.32) a share. Initial talks of the merger were first reported to take place in August. 

Founded in 2001, Blue Prism is one of the largest UK-based technology companies on the AIM market and was created to help businesses accelerate operational efficiency within the workforce.

Blue Prism’s stock fell around 3% in early trading on Tuesday in London.

Steady growth

The deal fits Vista’s usual string of investments with a focus on high-growth enterprise software companies. Vista was founded in 2000 and has more than $81bn in assets. It will combine Blue Prism with its existing portfolio company TIBCO, and plans to maintain Blue Prism’s UK headquarters and invest in research and development.

The move also signals a sign of confidence from business leaders towards continued growth within the software and automation industry.

Earlier this month, Vista agreed to acquire a majority stake in software-as-a-service (SaaS) start-up Drift, taking the firm’s valuation to over $1bn. 

Further reading: Intuit enters $12bn acquisition deal with Mailchimp

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