The CEO and chairman of Blue Prism, Jason Kingdom said, “Combining with Vista and Tibco will ensure we remain at the forefront of the next generation of intelligent automation: We can expand the range of products we offer our customers, with Tibco’s global footprint and technologies and, as a privately owned company, we will also have greater access to capital to pursue new growth opportunities via product investment and other potential M&A”. Tibco provides data and analytics platform comprising of three pillars - Connect for integration, Predict for analytics and Unify for data management. “Blue Prism is a leader in the field of robotic process automation, Blue Prism’s leading capabilities provide a great opportunity to expand the Tibco platform with intelligent automation”, Tibco CEO Dan Streetman said. Vista acquired Tibco in the year 2014 for approximately 4.3 billion dollars. However, it has been confirmed that the private equity group will be purchasing Blue Prism and will be folding it Tibco, which is another property of Vista. As per the filling, Bali Bidco Limited is owned indirectly by Vista Funds for making the deal on their behalf. ![]() However, what makes this deal special is that it includes one of the top 3 vendors in the RPA space.Īn entity named Bali Bidco Limited was set up by Vista during this complex deal. We were able to see the acquisition of several RPA start-ups by large vendors in 2020. This is an excellent example of Mercia’s Complete Capital Solution delivering significant shareholder returns through the identification of exciting technology investment opportunities with growth potential.One of the pioneers in the RPA (Robotic Process Automation) market was recently sold for 1.5 billion US dollars to Vista Equity Partners. Blue Prism’s market capitalisation has risen by more than 12x since listing, generating significant returns for the Fund which has retained a holding and we will remain a supportive investor as the company continues to grow its market leading position. “Our support of Blue Prism illustrates the use of patient capital at its best as it was identified by our team at an early stage in 2004. Julian Viggars, Head of Technology Investments at Mercia Technologies PLC, said: This includes £26.2million to the UK Government – 2.6x its original investment – managed through the British Business Bank, the UK government’s economic development bank. Mercia does not have a direct stake in Blue Prism as the Fund’s investment occurred prior to Mercia’s acquisition of Enterprise Ventures.Īs part of this realisation, £49.5million has been returned to the Limited Partners. ![]() The investment is led by Julian Viggars, Head of Technology Investments at Mercia, who has been personally involved with Blue Prism since the early seed rounds in 2004.Īs with many of Mercia’s managed funds, the Group will benefit from a modest profit share/carried interest. This excludes the potential value of the remaining 4.9% stake still held in Blue Prism by the Fund.īlue Prism is located in one of Mercia’s core investment regions in the North West of England and received initial investment from the Fund (which is managed by Enterprise Ventures Limited, a Mercia wholly owned subsidiary). ![]() The aggregate cash return to date for the Fund totals £49.1million which provides a 55x return on the original £900,000 invested. Today, the UK-based software company is valued at in excess of £600.0million. Mercia Technologies PLC, the national investment group focused on the funding and scaling of innovative technology businesses with high growth potential from the UK regions, is pleased to announce that one of its third party managed funds, the RisingStars Growth Fund, has completed a further cash realisation from Blue Prism Group plc, representing to date a 55x return on the Fund’s original investment.īlue Prism, a global leader in Robotic Process Automation, listed on AIM in March 2016 at 78.0pence per share, with a market capitalisation of £49.0million.
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