<- startclickprintexclude -> <- endclickprintexclude -> <- paragraph before!!! trivandrum, India December 16, 2015 / PRNewswire / – IBS Software, the leading global company specializing in the areas of travel, transportation and logistics technology, today announced that receive $ 170 million in private equity investment from funds managed by Blackstone (NYSE: BX), in exchange for a minority stake in the shares. Blackstone is acquiring firm General Atlantic -a leading growth capital investor in IBS since 2007 and other shareholders. The transaction is expected to close in the span of a month, subject to regulatory approvals rigor
-> <- after paragraph.! trivandrum, India , December 16, 2015 / PRNewswire / – IBS Software, the leading global company specializing in the areas of travel, transportation and logistics technology, today announced that receive $ 170 million in investment from private equity funds managed by Blackstone (NYSE: BX), in exchange for a minority stake in the shares. Blackstone is acquiring firm General Atlantic -a leading growth capital investor in IBS since 2007 and other shareholders. The transaction is expected to close in the span of a month, subject to regulatory approvals rigor
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Trivandrum, India , December 16, 2015 / PRNewswire / – IBS Software, the leading global company specializing in the areas of travel, transportation and logistics technology, today announced that you receive $ 170 million in investment from private equity funds managed by Blackstone (NYSE: BX), in exchange for a minority stake in the shares. Blackstone is acquiring firm General Atlantic -a leading growth capital investor in IBS since 2007 and other shareholders. The transaction is expected to close in the span of a month, subject to regulatory approvals rigor
<- paragraph before.! logo - http: />/photos.prnewswire.com/prnh/20121122/577929
This is the second time that IBS received a major investment from a global company PE (private equity), a recognition that is widely seen as an indicator of its growing role in the industry in which it operates . IBS has a global presence with nearly 3,000 professionals in nine offices and offers a variety of products new generation software for some of the best airlines, busiest airports, leading cruise lines, travel agents and major corporations in oil and gas worldwide. Blackstone is the largest company of alternative asset managers in the world, with assets under management in excess of US $ 334,000 million
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Esta is the second time that IBS received a major investment from a global company PE (Capital private), a recognition that is widely seen as an indicator of its growing role in the industry in which it operates. IBS has a global presence with nearly 3,000 professionals in nine offices and offers a variety of products new generation software for some of the best airlines, busiest airports, leading cruise lines, travel agents and major corporations in oil and gas worldwide. Blackstone is the largest company of alternative asset managers in the world, with assets under management in excess of US $ 334,000 million
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Logo – http://photos.prnewswire.com/prnh/20121122/577929
Esta is the second time that IBS received a major investment from a global company PE ( private equity), a recognition that is widely seen as an indicator of its growing role in the industry in which it operates. IBS has a global presence with nearly 3,000 professionals in nine offices and offers a variety of products new generation software for some of the best airlines, busiest airports, leading cruise lines, travel agents and major corporations in oil and gas worldwide. Blackstone is the largest company of alternative asset managers in the world, with assets under management in excess of US $ 334,000 million
<-.! paragraph before "the investment by a global player pe class is real support not only the relevance and significance of what we do-and our financially strong but also validation vision sector, business model with which operate standards corporate governance. see great synergy blackstone portfolio companies its extensive experience in travel industry hospitality, "said vk mathews, founder ceo ibs group < />p>
-> <- after paragraph. "the investment by a global player pe class is real support not only the relevance and significance of what we do-and our financial strength - but also validation vision sector, business model in which operate standards corporate governance. see great synergy blackstone portfolio companies its extensive experience travel industry hospitality, "said vk mathews, founder ceo ibs group < />p>
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“The investment by a global player PE class is a real support not only the relevance and significance of what we do-and our financially strong but also a validation of our vision of the sector, business model with which we operate and our standards of corporate governance. We see a great synergy by the Blackstone portfolio companies and its extensive experience in the travel industry and hospitality, “said VK Mathews, Founder and CEO of the IBS Group
<-.! paragraph before "this partnership will enrich the policy of ibs enhance width band management and help us to benefit from experience proven professionals, with aim expanding our footprint. by leveraging global reach expertise blackstone, we can still provide more long-term value employees, customers shareholders. we're delighted have blackstone on board, as embark towards next phase aggressive growth strategy, "said Rajiv Shah , CEO of IBS Software
-> <- after paragraph." this partnership will enrich policy ibs it improve the band width management and help us to benefit from experience of proven professionals, with aim expanding our footprint. by leveraging global reach expertise blackstone, we can still provide more long-term value employees, customers shareholders. we're delighted have blackstone on board, as embark towards next phase aggressive growth strategy, "said Rajiv Shah , CEO of IBS Software
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” This partnership will enrich policy IBS will enhance the width of band management and will help us to benefit from the experience of proven professionals, with the aim of expanding our footprint. By leveraging the global reach and expertise of Blackstone, we can still provide more long-term value to our employees, customers and shareholders. We are delighted to have Blackstone on board, as we embark towards the next phase of our aggressive growth strategy, “he said Rajiv Shah , CEO of IBS Software
<- paragraph before." ibs is a company of saas (software as service) rare, with intellectual property in the vertical markets aviation, travel and hospitality worldwide. we are impressed by management team its historical deliveries critical solutions for major customers around world. it envision great growth opportunity ibs, driven deep domain knowledge company, product portfolio list referenceable customers, "said Amit Dixit , Senior Managing Director and Co-Chairman of Blackstone Private Equity India
-> <- after paragraph. "ibs is a company of saas (software as service) rare, with intellectual property in the vertical markets aviation, travel and hospitality worldwide. we are impressed by management team its historical deliveries critical solutions for major customers around world. it envision great growth opportunity ibs, driven deep domain knowledge company, product portfolio list referenceable customers, "said Amit Dixit , Senior Managing Director and Co-Chairman of Blackstone Private Equity India
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“IBS is a company of SaaS (software as a service) rare, with intellectual property in the vertical markets aviation, travel and hospitality worldwide. We are impressed by the management team of the company and its historical deliveries of critical solutions for major customers around the world. It envision a great growth opportunity for IBS, driven by deep domain knowledge of the company, its product portfolio and its list of referenceable customers, “said Amit Dixit , Senior Managing Director and Co-Chairman of Blackstone Private Equity
<- paragraph before.! there is no material change in the pattern of composition most shares ibs software, to extent that investor pe -general atlantic- it had invested 2007 and exists as a result transaction. "we thank management team by growth company from time we invest. expansion maturity during our investment period has been remarkable. are happy pass baton blackstone continue with trajectory reach new heights, "said
-> <- after paragraph.! there is no material change in the pattern of composition majority stake ibs software, to extent that investor pe -general atlantic- it had invested 2007 and exists as a result transaction. "we thank management team by growth company from time we invest in. expansion maturity during our investment period has been remarkable. are happy pass baton blackstone continue with trajectory reach new heights, "said Sandeep Naik , Managing Director and General Atlantic for India and Southeast Asia
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There is no material change in the pattern of composition of most of the shares of IBS Software, to the extent the inverter PE -General Atlantic- it had invested in 2007 and exists as a result of that transaction. “We thank the management team of IBS by the growth of the company from the time we invest in. The expansion and maturity of the company during our investment period has been remarkable. We are happy to pass the baton to Blackstone to continue with the IBS growth trajectory and reach new heights “, said Sandeep Naik , Managing Director and General Atlantic for India and Southeast Asia
<- paragraph before.! for more information, go to http: / /www.ibsplc.com
-> <- paragraph after: for more information, go to http://www.ibsplc.com
->For more information, go to http://www.ibsplc.com
<- paragraph before: Contact media:
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
<- paragraph before: to view original the version on pr newswire, visit:http: />/www.prnewswire.com/news-releases/blackstone-invertira-us170-millones-en-ibs-software-300193770.html
-> <- paragraph after: to view original version on the pr newswire, visit:http: />/www.prnewswire.com/news-releases/blackstone-invertira-us170-millones-en-ibs-software-300193770.html
-> <- paragraph before: source ibs software < />p>
-> <- paragraph after: source ibs software < />p>
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SOURCE IBS Software
SOURCE IBS Software
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