For Immediate Release
SS&C Completes Acquisition of Blue Prism Group PLC
WINDSOR, CT, March 16, 2022 (PR NEWSWIRE) – SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it has completed its acquisition of Blue Prism Group Plc ("Blue Prism") for approximately $1.6 billion (£1.25 billion) (the "Acquisition"). Blue Prism is a leading robotics process automation (RPA) company headquartered in the U.K., whose services are used by more than 2,000 businesses worldwide.
SS&C will fund the acquisition using proceeds from previously announced committed financing from certain financial institutions.
The Acquisition will enhance SS&C's position as a leading provider of software and services to the financial services and healthcare industries with deep expertise in intelligent automation and robotic process automation (RPA). The new brand, SS&C Blue Prism, will run as a business unit and report to Mike Megaw, Managing Director, 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."
As a result of the completion of the acquisition, Blue Prism’s admission to trading on the AIM market of the London Stock Exchange will be cancelled with effect from March 17, 2022.
RBC Europe Limited and Davis Polk & Wardwell London LLP represented the Company on the transaction. Qatalyst Partners Limited, Merrill Lynch International, Investec Bank plc and CMS Cameron McKenna Nabarro Olswang LLP represented Blue Prism.
Certain information contained in this press release constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance, underlying assumptions, and other statements that are other than statements of historical facts. Such statements reflect management's best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. Such risks and uncertainties include, but are not limited to, the state of the economy and the financial services industry and other industries in which the Company's clients operate, and the other risks discussed in the "Risk Factors" section of the Company's most recent Annual Report on Form 10-K, which is on file with the Securities and Exchange Commission and can also be accessed on our website. Forward-looking statements speak only as of the date on which they are made and, except to the extent required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements.
About Blue Prism
Blue Prism is a global leader in enterprise robotic process automation (RPA) and intelligent automation, transforming the way work is done. We have over 2,000 customers in over 170 countries and 70 industry verticals, 30% in the Forbes Global 2,000, creating value with new ways of working by unlocking efficiencies and returning millions of hours of work back into their businesses. Our enterprise digital robots offer high-scale automation that is secure, smart, accessible to all, enabling centrally managed human and digital workforces of the future and freeing up humans to re-imagine work.
About SS&C Technologies
SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 18,000 financial services and healthcare organizations, from the world's largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.
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