Announced
Completed
Financials
Tags
Completed
Private
Minority
Single Bidder
Acquisition
saas
Digital Services
Domestic
Private Equity
United States
Friendly
cloud-based services
Synopsis
Blackstone, an alternative asset manager, completed a $100m investment in Cloudinary, a SaaS technology company. Financial terms were not disclosed “Remarkably, and somewhat quietly behind the scenes, Cloudinary powers the websites and apps that millions engage with every day. We are very excited to support the next phase of growth for this tremendous company which is playing a critical role as more and more businesses emphasize digital media and their online experiences,” Ramzi Ramsey, Blackstone Growth Managing Director.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.