Founded in 2001, London-based RPA vendor Blue Prism has now served over 2,000 clients, including fortune 500 firms. The original takeover deal was first announced in December of last year when a bidding war between SS&C and Vista Equity partners drove up the price. Blue Prism shareholders ultimately voted in favor of SS&C. However, the acquisition was subject to conditions, including a notification made to the secretary of state under the UK National Security and Investment Act 2021.
Today, it was announced that SS&C’s takeover of the British software firm has passed regulatory checks and is expected to go ahead, pending approval in a March court hearing. If approved at the 14 March court hearing, the takeover will take effect the following day. Blue Prism shares will be delisted from the London Stock Exchange the next day, in a blow for the UK’s public markets. However, SS&C, which is a global investment and financial services and software provider based in Connecticut, US, stated it intends to keep Blue Prism’s headquarters in London.