Blue Prism chiefs set for £ 170m windfall as British tech star’s acquisition sparked by shareholders


Blue Prism chiefs set for £ 170m windfall as British tech star’s acquisition sparked by shareholders


The founders and executives of British tech star Blue Prism are in line to scoop up £ 170millo after scrapping a takeover deal from shareholders.

The company is the largest and pioneering artificial intelligence (AI) group in the London junior market, providing automated technology to businesses including Jaguar Land Rover, NHS, eBay, HSBC and Barclays.

It is being bought by American group SS&C for £ 1.24 billion.

Jason Kingdon (pictured), chief executive and president of Blue Prism

At a shareholder meeting yesterday, 98 percent voted in favor of a deal priced at 1275p per share.

However, the firm’s AI expertise means that the acquisition will be reviewed under the new National Security and Investment Act, which gives ministers greater powers to intervene in the foreign sales of strategic major firms.

This can add months of delay and mean the contract is blocked.

If this is done, Jason Kingdon, chairman and president of Blue Prism, will be in line for £ 75 million windfall, while co-founders Alastair Bathgate and David Moss will make £ 59 million and £ 18 million respectively.

Another executive, Terry Walby, makes £ 17 million.

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