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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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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