The problem today is the sheer number of these tools companies must wrestle with for end-to-end automation. Integrating data, automating workflows, and unifying UX across all of our applications also requires API management capabilities, workflow chatbots, data pipelines tools like ELT/ETL, business process management, and more. Integration and automation are more than just iPaaS and RPAĬombining iPaaS and RPA is only part of the story. The customer experience does not fundamentally change. While moving two tools under one umbrella makes life easier for accounts payable, they are still two differently architected platforms - which means different skillsets for the teams managing them and two different approaches to the problem. While all of this M&A activity reflects a need for simplicity and cohesion in how companies bring their data, applications, and processes together, we don't believe they address what customers are looking for.Ĭustomers want to reduce the number of moving parts for simplicity, speed, ROI, less tech debt, and clarity. Recently, a couple of other key moments in this trend have been the UIpath acquisition of Cloud Elements and the Mulesoft acquisition of ServiceTrace. Organizations are fed up with a multitude of tools to integrate data, processes, and user experiences. Since founding Workato, our vision fueled by customer interactions and validated by the market has been that data and business processes - integration and automation - are inextricably intertwined. Their coming together is more validation of the integration/automation convergence we've been predicting for some time. So the merger between the two is significant, even if for historical reasons. Similarly, Blue Prism is the OG of the RPA space. When we started Tibco back in 1997, it was the original integration vendor. Driving this trend is the customers' desire to simplify and reduce the number of moving parts involved in bringing their apps and data together. It has more than $81 billion in assets under management, according to the firm’s website.Yesterday, Vista Equity announced the acquisition of Blue Prism and its subsequent merger with Tibco (which Vista had acquired a few years prior.) This merger of an iPaaS vendor with an RPA solution continues the trend towards the convergence of these two categories. Vista, which focuses on investments in enterprise software companies, was founded by billionaire Robert F. He said his firm had spent five months drawing up potential operational improvements that would accelerate Blue Prism’s sales growth. The software company’s depressed valuation reflects concerns about gaps in its product portfolio and its distance from key clients and investors in the U.S., Rasteh said in August. The investment firm’s founder James Rasteh said the company’s management had now earned his trust. One of Blue Prism’s independent directors, Murray Rode, was previously a longtime member of Tibco Software’s management and served as its chief executive officer after its purchase by Vista.Īctivist investor Coast Capital, which owns just under 3% of Blue Prism, recently said it’s open to a private equity takeover of the company after initially opposing a sale. Shares of Blue Prism have fallen about 31% in London trading this year, giving the company a market value of about 1.15 billion pounds. Representatives for Vista and Blue Prism declined to comment. While Blue Prism’s board is endorsing the Vista offer, other suitors could still emerge, the people said. headquarters and invest in research and development, they said. Vista plans to maintain Blue Prism’s U.K. takeover rules.Īfter the Vista deal, the buyout firm aims to combine Blue Prism with existing portfolio company Tibco Software Inc., which it acquired in 2014, the people said. local time on Tuesday to declare whether they would will make a firm offer under U.K. 27, the last full trading day before takeover interest became public.īlue Prism said in late August that it was in discussions with Vista and TPG about possible offers for the company. The offer would represent a premium of about 35% to Blue Prism’s closing price of 832 pence on Aug. technology company is set to recommend Vista’s bid of 1,125 pence a share as soon as Tuesday, said the people, who asked not to be identified because the discussions are private. (Bloomberg) - Private equity firm Vista Equity Partners is nearing an agreement to acquire British automation software developer Blue Prism Group Plc for about 1.1 billion pounds ($1.5 billion), people familiar with the matter said.
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