Blue Prism generated recurring revenue of approximately 154 million GBP in FY’20. Read Blue Prism’s 1H 2021 investor deck HERE.
Vista Equity is a competing acquirer per Bloomberg HERE.
We prefer strategic acquirers such as SS&C to PE firms. Strategic acquirers may often leverage existing product portfolios and infrastructure to drive an acquired company’s Revenue and EBITDA in a manner that PE firms may not. SS&C currently leverages RPA capability across its broader Intelligent Automation offerings.
We mentioned Blue Prism in an earlier RPA piecethat included SS&C among other firmsHERE.
RPA firm UiPath (tkr: PATH) is currently valued at approximately $28 billion. RPA firm Automation Anywhere likely has a valuation approaching $20 billion (AA was valued at approximately $7 billion in 2019). Thus, SS&C is maintaining its M&A purchase price discipline.
Read about Blue Prism’s partner network (which we expect SS&C will be able to further leverage) HERE.