By Michael Dabaie

Blackstone Group Inc. said Thursday it made a significant minority investment in ISN, a provider of third-party contractor and supplier management software, valuing the company at more than $2 billion.

The investment is led by Blackstone Growth. Since ISN is employee-owned, Blackstone will be the only outside stockholder in ISN.

Blackstone said its backing will help ISN with product innovation and expansion into new markets and geographies.

Write to Michael Dabaie at michael.dabaie@wsj.com

(END) Dow Jones Newswires

December 17, 2020 09:54 ET (14:54 GMT)

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