Britain based software company which developing intelligent robotic process automation Blue Prism Group Plc. says that it has agreed to a $1.65 billion takeover deal from United states based financial technology company SS&C Technologies (SSNC).
SS&C Technologies is a leading cloud-based provider of financial services technology solutions. By Blue Prism accepting this takeover deal, it means that it has withdrawn from an earlier bid from Vista.
The chief executive officer of Blue Prism, Jason Kingdon says merging with SS&C will offer access to significant capital resources and investment in R&D plus an additional access to the more than 18,000 clients of SS&C.
On the other side, SS&C says that it will be maintaining Blue Prism’s British headquarters as a UK robotic process automation center. Blue prism directors will be recommending that shareholders vote in favor of the SS&C offer by a unanimous decision.