Blue Prism Group PLC has confirmed that it is in discussions with U.S. private-equity firms TPG Capital and Vista Equity Partners over potential takeover of the company.
TPG Capital’s investment portfolio includes iPaaS software provider Boomi. Of late, private companies have been getting active in the automation market. Thomas Bravo owns stakes in information management software provider Hyland Software, and intelligent process automation provider Nintex.
The investors are probably betting on software automation technologies and see Blue Prism as a relatively cheap way to play this emerging trend.
Blue Prism claims to have coined the term “Robotic Process Automation.” . Blue Prism has always been focused on creating a “Digital workforce”. They now have a platform that provides “Intelligent automation” – across multiple industries, companies of all sizes, and across every geography.
Blue Prism shares at 1406 GMT were up 36% at 1,129 pence, valuing the company at around 1.09 billion pounds ($1.5 billion).