Global VC firm Blackstone has decided to sell its stake in IBS Software to global private equity firm Apax for $450 million.
Blackstone acquired about 40 percent stake in IBS Software, from General Atlantic, in 2015 for $170 million.
IBS Software’s Founder and Executive Chairman, VK Mathews, will remain the majority shareholder.
Founded in 1997, IBS Software provides SaaS solutions to leading aviation, tour and cruise, hospitality, and logistics companies.
