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It seems to be a low activity day with little direction this morning however I would expect more activity when US markets open in 3 or 4hours time.
“Were a buyer to pay a premium of 100%, the share price would still be materially lower than its intrinsic value, and well below where the shares were trading as recently as January 2021.”
Before the announcement £8.32 was the SP - indicating Coast Capital would be very disappointed with a takeover price of less than £17. However the takeover price (if successful) is in the bidders and the PRSM BOD's hands.
Two suitors is good news for PI's - the more the merrier.
I think £17 is achievable - but that us just my guess with nothing to support it.
Good luck to all the PI's invested.
My question is - are the two investment companies involved in takeover talks jointly acting as partners, or are they rivals?
I imagine PRSM will head north again when New York trading starts in a couple of hours time.
I am thinking this and the announcement could be part of a PRSM coordinated strategy to boost the share price - whether or not they accept any takeover offer?
For immediate release.
August 31, 2021
Blue Prism Group plc ("Blue Prism" or "the Company")
Statement Regarding Recent Speculation
Blue Prism notes the recent speculation and confirms that it is in discussions with TPG Capital ("TPG") and Vista Equity Partners ("Vista") regarding possible offers for the entire issued, and to be issued, share capital of Blue Prism.
There can be no certainty that any offer will be made, nor as to the terms of which any offer would be made.
A further announcement will be made if and when appropriate.
This statement is being made by Blue Prism without the consent of TPG or Vista .
Under Rule 2.6(a) of the City Code on Takeovers and Mergers (the "Code"), each of TPG and Vista must by no later than 5.00 p.m. on September 28, 2021, either announce a firm intention to make an offer for Blue Prism in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
Is there any news or indication of PRSM getting a US stock market listing?
I note quite decent early volume and buys out number sells by over 4 to 1.
LONDON and AUSTIN, Texas, Aug. 19, 2021 /PRNewswire/ -- Zurich Insurance, one of the world’s leading insurance providers, with the help of Blue Prism® has implemented a fresh robotic operating model (ROM) to great effect, scaling intelligent automation (robotic process automation fueled with AI) and providing its people the right skills for an ever-changing workplace.
As a very large and complex business, Zurich refocused its automation efforts, to cut through the intricate systems it had developed over the years. As with any digital transformation effort, Zurich realized that top-down buy-in from C-level executives was absolutely key in future-proofing its business.
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In 2018, Zurich UK brought its continuous improvement and automation teams together, providing an opportunity to refresh its operating model and automate the right things, at speed. Instead of siloed units, three units focused on new development and one on ring-fenced production.
The changes have allowed Zurich to rapidly increase automation’s exposure across the business, using 68 Blue Prism robots to carry out 140 processes, supporting 85% of Zurich UK’s functions. In the year following the refresh, 88,583 hours were saved by robots processing manual activity.
To ensure that Zurich was nurturing its workforce of the future, it set up an Automation Academy. To kickstart the Academy, it called upon employees who were passionate about reimagining the way they work for the better. Once graduated, employees become either active developers or business function automation advocates, helping to identify automation opportunities to shape the roles of the future from within the business.
Stephen Aldred, continuous improvement & automation manager at Zurich Insurance, said: “To get any kind of success in automation, you need to understand the human element. You need to understand why people are fearful about it. You need to understand what training is required. Our CEO is passionate about workforce sustainability and we are immensely proud of the automation academy program that we have delivered. There’s now no exec member that doesn’t have automation as a topic on their agenda.”
With high demand for Academy places, the business aims for at least one automation pod in all business functions, enabling faster automation based on specific business function requirements.
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Alongside Zurich’s ROM efforts, Blue Prism is continuously improving the capabilities of the AI-empowered digital workers. These capabilities will make it even easier for businesses to program automations faster, increase the scope of automations, orchestrate their digital workforces intelligently alongside human counterparts and, most importantly, drive intelligent automation at scale across the enterprise.
Eric Tyree, head of AI and innovation at Blue Prism, said: “Zurich Insurance is a quality example of what can be achieved with top-down buy-in for intelligent automation a
Infosys Wins Two Awards at Blue Prism World 2021 for Delivering Intelligent Automation-Based Solutions for Telstra
Infosys leveraged its applied AI offering, based on the Blue Prism platform, to transform Telstra’s business operations
Bengaluru, India – August 10, 2021
Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, announced that it has won two “Partner Excellence Awards for Client Business Impact: Telecommunications” – a regional and a global recognition, from its strategic partner Blue Prism, a leading intelligent automation provider to enterprises. Infosys was awarded for delivering intelligent automation-based solutions and driving high business impact for Telstra, Australia’s leading telecommunications and technology company, offering a full range of communications services and competing in all telecommunications markets.
@AutomationGuru
No Bloomberg TV reported Warren Buffet was selling off his shares in general - nothing to do with PRSM but many investors take notice of his actions and react.
What is the reason for this pull back in the PRSM sp - is it because Warren Buffet is selling shares?
Early in the trading day and low volume - but still up 2% - a good start to a recovery in the SP for PRSM.
Is it just market /investor sentiment or something else?
Is IBM a competitor or a partner to PRSM?
I am trying to understand the relationship of IBM to PRSM does anyone have definitive factual information on this.
LONDON and AUSTIN, Texas and IRVINE, Calif., July 28, 2021 /PRNewswire/ -- Blue Prism® (AIM: PRSM), a global pioneer and market leader in intelligent automation and Alteryx, Inc., (NYSE: AYX) the analytics automation company, today announced their premier Blue Prism Technology Alliance Partnership (TAP). Using these technologies jointly will enable customers to automate data driven processes at scale, giving them critical data and insights needed to make smarter decisions, faster.
It's still early days but there has been definite progress with the SP.
So is there good news on the way or is this just a general feeling PRSM was very undervalued?
"FT. LAUDERDALE– July 22, 2021 — Reveal Group, a leading Intelligent Automation Services company, announced the opening of a new office in Ft. Lauderdale, Florida. Reveal Group is responding to the growing demand for Intelligent Automation services in Florida and the South East. This is Reveal Group’s latest expansion, after opening new offices in Montreal and Toronto in the past twelve months, in addition to their headquarters in New York City.
“Thanks to our new office, Reveal Group can establish even closer ties with our Florida and South East customers and is better positioned to introduce our Intelligent Automation services and our Reveal RoboSuite™ tools to customers throughout the region,” said Ramon de la Rivaherrera, Reveal Group South East Leader.
Reveal Group was named a Leader in the inaugural Forrester Wave™: Midsize RPA Services, Q1 2021, in addition to being recognized as a Diamond UiPath partner and double Platinum Blue Prism partner. They are servicing clients across Banking and Financial Services, Healthcare, Manufacturing, Insurance, Retail and Consumer, Energy and Utilities and Public Sector, Legal and Manufacturing sectors, among others.
I agree, a strong performance today on larger volume indicating rising interest in PRSM.