Benzinga | Nov 17, 2021 09:34AM EST

SS&NC Reports Prelim. Approach To Buy Blue Prism Group For 1,200 Pence/Share

SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) today confirms that it has made a preliminary approach to Blue Prism Group plc ("Blue Prism") regarding a possible cash offer to acquire the entire issued and to-be-issued share capital of Blue Prism for 1,200 pence per Blue Prism share. London-based Blue Prism is a global leader in enterprise intelligent automation.



SS&C's preliminary approach, which is subject to the satisfaction or waiver of a number of pre-conditions including the completion of detailed due diligence, implies an equity value of approximately $1.6bn for Blue Prism.

"Automation has been at the forefront of SS&C's technology initiatives for several years now," said Bill Stone, Chairman and CEO of SS&C Technologies. "Blue Prism's innovative solutions are recognized as a leader by RPA analysts, and we believe they would complement our existing products, particularly Chorus, our intelligent automation solution."

A further announcement will be made if and when appropriate.