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Trivandrum, India , December 17, 2015 / PRNewswire / –
<- paragraph before: the global provider of travel technology, transportation and logistics ibs software announced today that it will receive a private equity investment $ 170 million funds managed by blackstone (nyse : bx) in exchange for minority shareholder. buy general atlantic leading venture capital firm has invested growth since 2007 ibs, other stakeholders. transaction close within month, subject to customary regulatory approvals < />p>
-> <- after paragraph.! the global provider of travel technology, transportation and logistics ibs software announced today that it will receive an investment private equity $ 170 million managed by blackstone (nyse: bx) funds in exchange for a minority shareholder. buy general atlantic leading venture capital firm has invested growth since 2007 ibs, other stakeholders. transaction close within month, subject to customary regulatory approvals < />p>
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The global provider of travel technology, transportation and logistics IBS Software announced today that it will receive a private equity investment of $ 170 million managed by Blackstone (NYSE: BX) funds in exchange for a minority shareholder. Blackstone will buy General Atlantic, a leading venture capital firm that has invested in growth since 2007 IBS, and other stakeholders. The transaction will close within a month, subject to customary regulatory approvals
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<- paragraph before: this is the second time that ibs has received an equity investment one pe (private equity) overall, a recognition widely regarded as indicator of its growing prestige in industry which it operates. signature global presence with nearly 3,000 professionals nine offices and offers range software products new generation to some best airlines world's busiest airports, leading cruise lines, major distributors travel oil companies gas. blackstone largest alternative management firm assets under more than 334,000 million dollars < />p>
-> <- after paragraph. this is the second time that ibs has received an equity investment one pe (private equity) overall, a recognition widely regarded as indicator of its growing prestige in industry which it operates. signature global presence with nearly 3,000 professionals nine offices and offers range software products new generation to some best airlines world's busiest airports, leading cruise lines, major distributors travel oil companies gas. blackstone largest alternative management firm assets under more than 334,000 million dollars < />p>
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This is the second time that IBS has received an equity investment a firm PE (private equity) Overall, a recognition that is widely regarded as an indicator of its growing prestige in the industry in which it operates. IBS has a global presence with nearly 3,000 professionals in nine offices and offers a range of software products of new generation to some of the best airlines in the world’s busiest airports, leading cruise lines, major distributors of travel and major oil companies and gas. Blackstone is the largest alternative management firm with assets under management of more than 334,000 million dollars
<- paragraph before. "the investment by a pe overall level 1 agent is not only real support the relevance and importance of what we do our financial strength, but also validation industrial vision, business model in which operate standards corporate governance. see huge synergy blackstone portfolio companies their extensive experience travel hospitality space, "said vk mathews, founder ceo ibs group < />p>
-> <- after paragraph." the investment by a pe overall level 1 agent is real support not only relevance and importance of what we do our financial strength, but also validation industrial vision, business model in which operate standards corporate governance. see huge synergy blackstone portfolio companies extensive experience space travel hospitality, "said vk mathews, founder ceo ibs group < />p>
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“The investment by a PE overall level 1 agent is a real support not only the relevance and importance of what we do and our financial strength, but also a validation of our industrial vision, business model in which we operate and standards of corporate governance. We see a huge synergy of the Blackstone portfolio companies and extensive experience in space travel and hospitality, “said VK Mathews, founder and CEO of IBS Group
<- paragraph before." this alliance enrich ibs policy, improve bandwidth and help us benefit from the proven experience of professionals to expand our footprint. taking advantage global reach blackstone, we can offer even more long-term value employees, customers shareholders. are delighted have blackstone onboard as embark on next phase aggressive growth strategy, "said Rajiv Shah , CEO of IBS Software
-> <- after paragraph. "this alliance will enhance the management of ibs, improve width band and help us to benefit from proven experience professionals expand our footprint. taking advantage global reach blackstone, we can offer even more long-term value employees, customers shareholders. are delighted have blackstone onboard as embark on next phase aggressive growth strategy, "said Rajiv Shah , CEO of IBS Software
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“This alliance will enhance the management of IBS will enhance the width band and will help us to benefit from the proven experience of professionals to expand our footprint. Taking advantage of the global reach and experience of Blackstone, we can offer even more long-term value to our employees, customers and shareholders. We are delighted to have Blackstone onboard as we embark on the next phase of our aggressive growth strategy, “he said Rajiv Shah , CEO of IBS Software
<- paragraph before. "ibs is a company software as service (saas) with vertical intellectual property in aviation, travel and hospitality worldwide. we are impressed by the management team of its history mission-critical solutions to leading global customers. see this an important growth opportunity for ibs, driven deep domain knowledge company, product portfolio reference list clients, "said Amit Dixit , managing director and co-president of Private Capital in the India , Blackstone
-> <- after paragraph. "ibs is a company software as service (saas) with intellectual property in the vertical aviation, travel and hospitality worldwide. we are impressed by management team of its history mission-critical solutions to leading global customers. see this an important growth opportunity for ibs, driven deep domain knowledge company, product portfolio reference list clients, "said Amit Dixit , managing director and co-president of Private Capital in the India , Blackstone
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“IBS is a company Software as a Service (SaaS) with intellectual property in the vertical aviation, travel and entertainment worldwide. We are impressed by the management team of the company and its history of mission-critical solutions to leading global customers. We see this as an important growth opportunity for IBS, driven by deep domain knowledge of the company, its product portfolio and reference list of clients, “said Amit Dixit , managing director and co-president of Private Capital in the India , Blackstone
<- paragraph before.! no material changes in the pattern of majority shareholding ibs software as investors pe initial general atlantic, which had invested 2007, comes a result this transaction. "we thank management team company to climb from moment we invest. growth and maturity during our investment period has been remarkable. are pleased pass baton blackstone follow path scale new heights, "he said Sandeep Naik , managing director and head of the India and Southeast Asia, in General Atlantic
-> <- after paragraph.! no material changes in the pattern of majority shareholding ibs software because initial pe investor general atlantic, which had invested 2007, comes as a result this transaction. "we thank management team company to climb from moment we invest. growth and maturity during our investment period has been remarkable. are pleased pass baton blackstone follow path scale new heights, "he said Sandeep Naik , managing director and head of the India and Southeast Asia, in General Atlantic
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No material changes in the pattern of majority shareholding in IBS software because the initial PE investor General Atlantic, which had invested in 2007, comes as a result of this transaction. “We thank the management team of the company IBS to climb from the moment we invest. The growth and maturity of the company during our investment period has been remarkable. We are pleased to pass the baton to Blackstone to follow the path of growth of IBS and scale new heights, “he said Sandeep Naik , managing director and head of the India . and Southeast Asia, in General Atlantic
<- paragraph before: for more information, visit: http://www.ibsplc.com
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For more information, visit: http://www.ibsplc.com
<- paragraph before: Media Contact :
> Bratati Ghosh
Bratati.Ghosh @ ibsplc.com
-> <- paragraph after: Media Contact :
Bratati Ghosh
Bratati. Ghosh@ibsplc.com
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Media Contact :
Bratati Ghosh
Bratati.Ghosh@ibsplc.com
SOURCE IBS Software
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