Blackstone’s ISN Software is exploring strategic options, including a potential sale of the business, which could value the compliance software company at $6bn or more, including debt, according to a report by Bloomberg citing sources familiar with the matter.
The Dallas-based firm, backed by the PE giant’s growth equity division, is reportedly in discussions with investment banks regarding a full or partial sale, potentially to occur within this year.
Industry players and other private equity firms have already expressed interest in acquiring the company, according to the sources.
While the talks are in the early stages and no decision has been made, there remains a possibility that ISN may ultimately choose not to proceed with a transaction.
At the time of Blackstone’s 2020 minority investment, ISN was valued at $2bn. A sale would come amidst rising demand for compliance software that helps companies navigate regulatory requirements and mitigate cybersecurity risks.
ISN offers contractor and supplier information management solutions, with its ISNetworld platform utilised by approximately 850 companies, including major players such as Exxon Mobil, Honeywell, and Cisco System. The platform helps these companies identify contractors that meet stringent health, safety, cybersecurity, and ESG standards.
Founded in 2001, ISN is controlled by William Addy, Executive Chair Joseph Eastin, and CEO Brian Callahan.
