At Deep Analysis, we undertake technical and market due diligence for Private Equity, Investment Banks, and Vendors looking to acquire. Hence we keep a close eye on what is happening in the broader Information Management and Enterprise Automation market. May, except for the massive Kofax deal (our analysis here), has been relatively quiet, but a few deals this month did catch our attention….
This was a bullish briefing from Blue Prism. SS&C paid $1.65 billion, so we expected nothing less than a moon shot effort. Of course, the proof will be in the pudding, as a lot of product integration promises were made and there is still much work to do here. It’s also hard to imagine that this is the last acquisition SS&C will make. Will the portfolio grow even further with a process intelligence/mining addition on the horizon?
So to nobody’s surprise, Kofax’s owners, Thoma Bravo, announced that it had sold the company to Clearlake Capital and TA Associates this past week. At the time, the asking price was circa $3B, and something a little north of that seems to have been the final sale price.
But beyond the expected announcements, Appian World was an interesting reflection on the pandemic years and its impact on IT and IT vendors. For Appian, this period has delivered a rocket-sized boost to their business growing around 20% year on year.
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