
Blackstone Investment Values Dallas Tech Firm at $2B
Funds managed by Blackstone have made a significant minority investment in Dallas-based tech firm ISN. The investment values the provider of third-party contractor and supplier management software at north of $2 billion.
The investment is led by Blackstone Growth, which focuses on providing growth capital to market-leading companies and helping them leverage Blackstone’s global resources to further scale their businesses. As ISN is employee-owned, Blackstone will be its only outside stockholder.
Blackstone’s backing will help fuel ISN’s continued growth through product innovation and expansion into new markets and geographies, potentially providing even more value to both new and existing customers.
“Companies and boards around the world are increasingly focused on ensuring the highest standards for risk management, compliance and ESG reporting,” said Vincent Letteri, senior managing director at Blackstone Growth. “We believe ISN is leading the way, and that Blackstone can be a key partner in supporting its further growth.”
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