Blue Prism Group looks set to be acquired after a takeover offer which values the Warrington-based robotic process automation specialist at almost £1.1bn was recommended to shareholders.

Blue Prism pioneers and makes RPA software that provides a digital workforce designed to automate complex, end-to-end operational activities. 

The business has users across the world in more than 2,000 businesses, including Fortune 500 and public sector organisations.

Bali Bidco, a company indirectly owned by the Vista Funds, has made an offer for Blue Prism.

Under the terms of the acquisition, each Blue Prism shareholder shall be entitled to receive 1,125 pence in cash. The offer values Blue Prism at £1.095bn.

Vista is a global investment firm with more than $81bn in assets under management as of June 30, 2021. Following completion of the acquisition, Vista intends to indirectly transfer Bidco to its portfolio company TIBCO.