REG - SS&C Technologies - SS&C Completes Acquisition of Blue Prism Group PLC

InvestecAnnouncement

16/03/2022 11:15

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RNS Number : 9640E  SS&C Technologies Hldgs Inc  16 March 2022

SS&C Completes Acquisition of Blue Prism Group PLC

 

WINDSOR, CT, March 16, 2022 (PR NEWSWIRE) - SS&C Technologies Holdings,
Inc.
(https://www.ssctech.com/?utm_campaign=SSC2022-Enterprise-Press-Release-0322&utm_medium=pressrelease&utm_source=prnews&utm_content=SSC-Completes-Blue-Prism)
 (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.

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.

 

 

Forward-Looking Statements

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.

 

Additional information about

SS&C (Nasdaq:SSNC) is available at www.ssctech.com
(file:///C:/Users/Justine.Stone/AppData/Local/Microsoft/Windows/Temporary%20Internet%20Files/Content.Outlook/4Q959JS1/www.ssctech.com)
.

Follow SS&C on Twitter, Linkedin and Facebook.

 

For more information

Patrick Pedonti | Chief

Financial Officer, SS&C

Technologies

Tel: +1-860-298-4738 | E-mail:

InvestorRelations@sscinc.com (mailto:InvestorRelations@sscinc.com)

 

Justine Stone | Investor

Relations, SS&C Technologies

Tel: +1- 212-367-4705 | E-mail:

InvestorRelations@sscinc.com (mailto:InvestorRelations@sscinc.com)

 

Media Contacts

Jess Stefanowicz

PAN Communications

Tel: (617) 502-4375

E-mail: ssc@pancomm.com (mailto:ssc@pancomm.com)

 

 

 

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