Blue Prism to be taken over by SS&C Technologies in £1.24bn deal

AIM-listed software company Blue Prism has agreed to be taken over by US fintech SS&C Technologies for £1.24bn in cash.

SS&C’s offer trumps an earlier offer from US private equity firm Vista at £1.22bn.

Under the terms of the deal, Blue Prism shareholders will receive 1,275p a share.

The board of Blue Prism had initially backed the offer from Vista, which was sweetened from an initial £1.1bn.

However, the company said on Wednesday: "In evaluating the SS&C offer, the directors of Blue Prism have considered various aspects of the SS&C offer and consider the SS&C offer to represent a superior offer for Blue Prism's shareholders as compared with the Vista offer."