• July 25, 2024

In December, Connecticut-based software company SS&C Technologies outbid private equity firm Vista to acquire RPA technology provider Blue Prism for $1.6 billion. SS&C announced recently that it has completed the acquisition and will operate Blue Prism as a business unit reporting to Mike Megaw, an SS&C veteran of nearly 20 years, who becomes managing director of business process automation.

“We are pleased to welcome Blue Prism employees, customers and partners,” said Bill Stone, SS&C chairman and CEO. “Blue Prism’s RPA business and SS&C’s intelligent automation platform SS&C Chorus are highly complementary. We intend to combine these businesses to deliver a full suite of intelligent automation technologies. In addition, SS&C will cross-sell Blue Prism products to SS&C’s global client base of over 20,000 customers and leverage Blue Prism to optimize internal business processes.”  

Vista also had plans to make Blue Prism part of an existing software company, intending to combine it with TIBCO—an infrastructure and business intelligence software firm it had taken private in 2014.

According to reports at the time, Vista’s bid was slightly lower than SS&C’s, an unfamiliar spot for the Austin, Texas-based private equity firm.